SMM, 21 Oct:

Lunni Asia opened at $16235 a tonne today, with a narrow range of fluctuations around the daily moving average in the early afternoon. In the afternoon, Lunni probe down $16190 / ton, slightly upward, many times up the $16400 / ton line, pressure breakthrough failed, down. At 19: 30 in the evening, Lunni rose $16485 / tonne, then quickly fell, giving up all the gains to $16200 / tonne, a narrow range of volatility, and finally closed at $16210 / tonne, down $10 / tonne, or 0.06%, from the previous day's settlement price, with 5238 hands in trading volume and 2000 to 278000 hands in positions. Lunni closed in the shadow line hammer, the K column as a whole closed at $17200 / tonne line, today focused on Lunni can hold the $16200 / tonne barrier continued to concussion operation.

Overnight, Shanghai nickel opened at 130020 yuan / ton. After the opening, the pressure daily average line fluctuated all the way down to 128000 yuan / ton. Then, the center of gravity fluctuated around 128400 yuan / ton, and finally closed at 128080 yuan / ton. Compared with the settlement price of the previous trading day, the settlement price fell 1220 yuan / ton, down 0.94%, trading volume 561000 hands, position increased 10 000 hands to 372000 hands. Overnight Shanghai nickel closed in the small negative line, the K column pierced the 60-day moving average support, the top pressure on a number of moving averages, today pay attention to whether Shanghai nickel can hold 128000 yuan / ton pass.

Early this morning, the National Bureau of Statistics released a monthly report on residential sales prices in 70 large and medium-sized cities and quoted interest rates in China's one-year loan market 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)