[brief comment on nickel in SMM phase] Shanghai nickel continuous negative 110000 yuan / ton gate above the shock

SMM, July 24 / PRNewswire-Asianet /-

Shanghai nickel 1910 contract opened at 113270 yuan / ton today, at the beginning of the day, fluctuated slightly above the daily average, then Shanghai nickel shock down, by noon, down to 111350 yuan / ton line to get support. In the afternoon, Shanghai nickel slightly revised up, under pressure 112100 yuan / ton first line narrow range concussion, closed at 112320 yuan / ton, compared with the previous trading day settlement price fell 810 yuan / ton, down 0.72%, trading volume increased 36000 hands to 1.185 million hands, position volume increased 26000 hands to 314000 hands, capital inflow 218 million yuan. The position of the Shanghai Ni 1908 contract was reduced by 14086 to 48548 today, with a capital outflow of 130 million yuan. Throughout the day, the Shanghai Ni 1910 contract ended at the Xiaoyin line, the shadow line below the 10-day moving average, the evening attention to the 10-day average of 111000 yuan / ton of Shanghai nickel support. At night, we pay attention to the initial PMI of Markit manufacturing and service industries in the United States in July; the total number of new home sales in the United States in June (10,000 households) and the change in EIA crude oil stocks in the week ended July 19 (10,000 barrels).

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