SMM July 23 News:

Shanghai nickel 1910 opened at 112880 yuan / ton today. At the beginning of the day, it rose 114000 yuan / line and reversed and fell, down 112060 yuan / ton. Subsequently, Shanghai nickel concussion rose, fluctuating in a narrow range above the daily average. In the afternoon, the Shanghai nickel center fluctuated around 1130400 yuan per ton, closing down slightly at 112980 yuan per ton, down 2480 yuan per ton, or 2.15 percent, from the previous trading day, ranking first among nonferrous metals. Position volume decreased by 10800 hands to 288000 hands, trading volume increased by 244000 hands to 1.149 million hands, and capital outflow volume was 110 million yuan. Shanghai Ni 1908 contract today reduced its position by 23026 to 62634, with a capital outflow of 211 million yuan. The capital outflow of Shanghai nickel index reached 517 million yuan, ranking first in non-ferrous metals. Throughout the day, the Shanghai nickel 1910 contract closed below the 5-day moving average, maintaining the trend of concussion throughout the day, and the adjustment trend of Shanghai nickel is expected to continue to fluctuate in the evening, running at a concussion above 110000 yuan / ton. This evening focused on the annualized sales of existing homes in the United States in June (10,000 households) and the Richmond Fed manufacturing index in July.

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