Home / Metal News / Nickel / [SMM Nickel Morning News] Shanghai Nickel is still a narrow concussion. Lunni strengthened slightly.
[SMM Nickel Morning News] Shanghai Nickel is still a narrow concussion. Lunni strengthened slightly.
Oct 11,2019 08:45CST
The content below was translated by Tencent automatically for reference.

SMM, 11 Oct:

Lunni Asia today opened at $17335 / tonne, at the beginning of the day, Lunni concussion upward, to the 5th moving average of $17600 / tonne near the pressure horizontal plate concussion. In the afternoon, the dollar index continued to weaken, Lunni rose through the 5-day moving average pressure, touch higher 17685 US dollars / ton, under the pressure of 17700 US dollars / ton a narrow range of volatility. Subsequently, Lunni weakened and fell, dipping $17525 / ton and then rebounding slightly to a narrow range near the daily moving average, closing at $17595 / tonne, up $255a tonne, or 1.47 per cent, from the previous day's settlement price, with a trading volume of 4869 hands and a position of 275000 hands. Lunni closed in the small positive line, K column pierced multiple averages, today concerned about Lunni can stand 5-day moving average, to maintain the $17600 / ton level.

Overnight Shanghai nickel opened at 137360 yuan / ton, at the beginning of the day, under pressure 5 / 10 moving average, below the daily moving average weak downward, down 136150 yuan / ton. Subsequently, at night, the Shanghai nickel station was above the daily average line of 136600 yuan / ton, with a narrow range of 137000 yuan / ton above, and finally closed at 137000 yuan / ton, down 210 yuan / ton, or 0.15%, from the settlement price of the previous trading day, with a turnover of 187000 hands and an increase of 3000 hands to 309000 hands. Shanghai Nickel 1912 contract closed at the Yin Cross at night, the 5 / 10 moving average overlap 137000 yuan / ton first-line resistance is strong, today pay attention to Shanghai nickel at 137000 yuan / ton level concussion.

Today, we look at the annual rate of M2 money supply in China in September; the monthly rate of the US import price index in September compared with the initial consumer confidence index of the University of Michigan in October.

[for more information, please subscribe to SMM Nickel Research Group products "China Nickel Chromium stainless Steel Industry chain General report" and "China Nickel Chrome stainless Steel Industry chain High end report" to obtain the latest nickel mine, nickel pig iron (China + Indonesia), electrolytic nickel, nickel sulfate, chromium ore, ferrochromium, stainless steel (China + Indonesia) related data analysis and market analysis! For ordering and trial reading, please call 021-5166 6817 QQ: 2880505562, contact: Li Chuntian]

(TEL:021-5166 6817 QQ: 2880505562)

Shanghai Nickel spot
Nickel Price
trend Forecast
SMM Review
Daily Review
Shanghai Nickel Market Review

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news