[SMM nickel morning] Shanghai nickel continues to rise and break through the 127000 yuan / ton mark

SMM, Aug. 9 / PRNewswire-Asianet /-

The market opened at $15420 a tonne today, pulling up $16690 a tonne at the start of the day, the highest level since December 2014. Subsequently, the reversal plummeted to a narrow range of fluctuations at the daily average of $16000 per tonne. In the afternoon, the nickel continued to concussion downward, to 15550 US dollars / ton line of support, the center of gravity around 15600 US dollars / ton narrow range shock. At night, Lun Ni rose after falling US $15350 / ton, exceeding US $16000 / ton, followed by a slight drop in pressure of US $16100 / ton, shaking in a narrow range near the daily moving average, closing at US $15830 / tonne. Compared with the previous trading day, the settlement price rose US $380 / tonne, up 2.46%, trading volume increased 7560 hands to 22621 hands, and position volume decreased 1139 hands to 286000 hands. At the end of the long film line, the small positive line, today focused on the resistance of US $16000 / ton above Lennie.

Overnight Shanghai nickel opened at 124160 yuan / ton, after the opening of Shanghai nickel concussion upward continuous breakthrough 126000 yuan / ton, 127000 yuan / ton barrier, touch high 127180 yuan / ton, break through the new high in the day, hit a new high in history. Subsequently, the Shanghai nickel center of gravity around 126500 yuan / ton line of narrow shock, close to the night close, slightly down adjustment, in the daily average of 125600 yuan / ton near support, and finally closed at 126510 yuan / ton. Shanghai nickel closed at the Xiaoyang line overnight, completely jumped above the 5-day moving average, today pay attention to the above 130000 yuan / ton gate resistance.

Today, focus on China's July CPI annual rate, China's July M2 money supply annual rate, night focus on the United States July PPI monthly rate.

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