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[SMM Nickel Morning News] Nickel
Oct 12,2019 09:00CST
The content below was translated by Tencent automatically for reference.

SMM, 12 October:

Lunni Asia opened at $17565 / tonne, fell $17445 / tonne at the beginning of the session and quickly rebounded to $17650 / tonne under pressure, with a narrow range of fluctuations around $17600 / tonne. In the afternoon, Lunni rebounded and pulled up after another $17470 / tonne, to $17700 / tonne first-line pressure narrow shock. At 21: 00 at night, Lunni rose again on the front line of the daily moving average, touching a high of $17805 / ton, and then quickly reversed and fell to the $17500 / tonne level of the 5-day moving average, which fluctuated slightly, and finally closed at $17520 / tonne, down $70 / tonne, or 0.4%, from the settlement price of the previous trading day. Trading volume increased by 2482 hands to 7351 hands, and position volume decreased by 3000 hands to 272000 hands. Lunni closed in the upper shadow line, the shadow line to explore the first line of 17800 US dollars / ton, the K column as a whole stood above the 5-day moving average.

Overnight, Shanghai nickel opened at 137280 yuan / ton. At the beginning of the day, Shanghai nickel fluctuated upward along the daily average line, breaking through the 138000 yuan / ton barrier and touching a high of 138890 yuan / ton. Subsequently, at 22: 20 at night, the long position reduced, Shanghai nickel fell sharply, to 136000 yuan / ton to stop falling to stabilize, the center of gravity around 136500 yuan / ton narrow fluctuations, closed at 136220 yuan / ton, compared with the settlement price of 310 yuan / ton, down 0.23%, trading volume decreased by 34000 hands to 514000 hands, position increased by 7000 hands to 316000 hands. Overnight Shanghai nickel closed in the upper shadow line small negative column, the shadow line to explore the 20-day moving average, but the K column as a whole is still in the vicinity of the 5-day moving average narrow amplitude concussion operation.


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