[brief comment on nickel in the SMM phase] Shanghai nickel close to the 120000 yuan / ton mark for the 8th consecutive day.

SMM, July 19 / PRNewswire-Asianet /-

Shanghai nickel 1910 opened today at 116930 yuan / ton, at the beginning of the day, in 118500 yuan / ton first-line horizontal plate concussion. Subsequently, Shanghai nickel slightly down to 117300 yuan / ton line of support, pulled up, up to 119240 yuan / ton, a new high since July 2018. In the afternoon, it fell slightly from the 119000 yuan / ton gate, with its focus on a narrow range of 118500 yuan / ton, closing at 118430 yuan / ton, up 4300 yuan / ton, or 3.77 percent, compared with the previous trading day. Positions increased by 36868 hands to 290096 hands, and trading volume increased by 378000 hands to 1.091 million hands. Today, Shanghai nickel 1910 closed at the Xiaoyang line, which has closed for 8 consecutive days. In the afternoon, the outer plate of nickel in Europe weakened and fell, and in the evening, we focused on the downward adjustment trend of Shanghai nickel pressure of 120000 yuan / ton.

The data were light tonight.

[for more information, please subscribe to the SMM nickel research group products "China Ni-Cr stainless Steel Industry chain General report", "China Ni-Cr stainless Steel Industry chain High end report" to obtain the latest nickel ore, nickel pig iron (China + Indonesia), electrolytic nickel, nickel sulfate, chromium ore, ferrochromium, stainless steel (China + Indonesia) related data analysis and market analysis! For order and trial, please call 021 5166 6817 QQ: 2880 505562, contact: Li Chuntian]

(Li Chuntian TEL:021-5166 6817 QQ: 2880505562)