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[brief Review of Nickel in SMM period] the center of gravity of Shanghai nickel continues to weaken and fluctuates around the first-line range of 126000 yuan / ton.
Oct 22,2019 16:14CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 22 Oct:

Shanghai Nickel 1912 contract opened today at 126630 yuan / ton, after the opening, Shanghai nickel shock downward, to 125600 yuan / ton line to get support, a small rebound upward repair, to the daily average near the pressure, down again. In the afternoon, Shanghai nickel explored many times, all under pressure daily averages, broke through, the center of gravity around 125800 yuan / ton narrow range shock, finally closed at 125690 yuan / ton, compared with the settlement price of the previous trading day down 1810 yuan / ton, down 1.42%, trading volume decreased by 325000 hands to 735000 hands, position increased by 358 hands to 375676 hands. Shanghai nickel closed in the small negative line, fell under the Boll line under the track, there is no other support below, this evening concerned about whether Shanghai nickel can hold 125000 y yuan / ton integer barrier.

At night, focus on the annualized total number of existing home sales in the United States in September (10,000 households).

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