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[brief comment on nickel in SMM] Shanghai nickel continues to rise 101800 yuan per ton
Jun 27,2019 16:51CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, June 27 / PRNewswire-Asianet /-

Shanghai nickel 1908 opened at 101190 yuan / ton, at the beginning of the plate, Shanghai nickel below the daily average support, all the way up concussion. In the afternoon, after pushing up 101820 yuan / ton, the shock fell back to the daily average of 101100 yuan / ton to get support, and then the center of gravity settled around 101200 yuan / ton, closing at 101310 yuan / ton, up 1070 yuan / ton, or 1.07%, compared with the settlement price of the previous trading day. Trading volume decreased by 39500 hands to 388000 hands, and position volume decreased by 8400 hands to 217000 hands. Throughout the day, the Shanghai nickel main contract closed at the Xiaoyang line, has reached the Boll line on track. Pay attention to the resistance of 101500 yuan / ton line on Boll line in the evening.

Today, we focus on the final value of the euro zone economy, industrial climate index and consumer confidence index in June; the final value of the real quarterly GDP annualized rate and the final quarterly rate of real personal consumption expenditure in the United States in the first quarter; the number of initial jobless claims (10,000 people) in the week ended June 22; and the EIA natural gas inventory (100 million cubic feet) in the week ended June 21.

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