[brief Review of Nickel in SMM period] Shanghai Nickel closed in the small negative line as a whole, it is still fluctuating in the first line of 137000 yuan / ton.

SMM, 11 Oct:

Shanghai Nickel 1912 contract opened today at 136980 yuan / ton, at the beginning of the day indoor shock fell, lower 135130 yuan / ton, then, short positions reduced, Shanghai nickel rebounded upward repair, back to 137000 yuan / ton line, forming a V trend. In the afternoon, the Shanghai nickel pressure 5-day moving average, the center of gravity fluctuated around 136800 yuan / ton, and finally closed at 136900 yuan / ton, an increase of 660 yuan / ton, or 0.48%, compared with the settlement price of the previous trading day. Trading volume decreased by 90, 000 hands to 548000 hands, and positions increased by 3000 hands to 308000 hands. Shanghai nickel closed in the small negative line, the whole is still in the 5 / 10 moving average of 137000 yuan / ton near a narrow range of concussion, continue to pay attention to the Shanghai nickel at 137000 yuan / ton level of concussion.

This evening, we looked at the monthly rate of the US import price index for September; the preliminary consumer confidence index of the University of Michigan in October.

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