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[brief comment on nickel in SMM phase] Shanghai nickel 1908 operates at 98000 yuan / ton gate concussion
Jun 18,2019 16:01CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, June 18 / PRNewswire-Asianet /-

Shanghai nickel 1908 opened today at 98000 yuan / ton, at the beginning of the plate, Shanghai nickel above the pressure of 98600 yuan / ton line, below by the daily average of 98100 yuan / ton support, interval concussion operation. In the afternoon, shanghai nickel fell below the daily average and was supported by 97700 yuan / ton in the middle of the Boll line, slightly concussion consolidation, near the end of trading, slightly higher, returning to the daily average, closed at 98180 yuan / ton, compared with the previous day's settlement price fell 1050 yuan / ton, down 1.06%, trading volume increased by 28500 hands to 396000 hands, position volume increased by 1000 hands to 231000 hands. Throughout the day, the Shanghai nickel main contract ended in the Xiaoyin line, standing above the middle rail of the Boll line as a whole. In the evening, we will pay attention to whether Shanghai nickel can be supported by the 20-day EMA and hold the 98000 yuan / ton gate. At night, attention should be paid to the total number and monthly rate of construction permits in the United States in May and the annualized total and monthly rate of new housing starts in May.

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