SMM, 16 October:

Shanghai nickel 1912 contract opened today at 133000 yuan / ton, during the day, Shanghai nickel below 132100 yuan / ton first-line support, above the pressure 133000 yuan / ton pass, the center of gravity around the daily average 132700 yuan / ton narrow shock operation, finally closed at 132500 yuan / ton, compared with the settlement price of the previous trading day fell 1280 yuan / ton, down 0.96%, trading volume decreased by 434000 hands to 1.109 million hands, position increased by 1000 hands to 358000 hands. The Shanghai Nickel Index had a capital outflow of 261 million yuan today. Shanghai Nickel 1912 closed in the Yin Cross today, away from the top multiple averages, below there is no other support level, at night to pay attention to whether Shanghai Nickel can hold 132000 yuan / ton level.

This evening we looked at the monthly rate of business inventories in the United States in August, the monthly rate of retail sales in September, and the NAHB housing market index in October.

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