SMM, 28 October:
Lunni Asia today opened at $16860 / tonne, after the opening, Lunni pressure daily average shock downward, to $16700 / tonne line to get support, stop the fall shock. At noon, the center of gravity was arranged around $16760 / ton horizontal plate. In the afternoon, Lunniel rose upward, touching $16930 / ton, and then, or affected by the continued upward rise of the dollar, around 19:30, Lunni fluctuated downwards, probing down $16675 / ton, and then rebounded and repaired. The center of gravity fluctuated around the line of $16800 / ton, and finally closed at $16850 / ton, down $10 / ton, down 0.06%, trading volume 4931 hands, and position volume 28.1 million hands. Lunni closed at the Yin Cross, above the 60-day moving average of $16800 / tonne, with a strong resistance of $17000 / tonne above it. Today, we pay attention to the concussion of Lunni at $16800 / tonne.
Overnight Shanghai nickel opened at 133430 yuan / ton, at the beginning of the day, Shanghai nickel shock downward, to 132400 yuan / ton first line to stabilize, shock back up, to 20 averages 133700 yuan / ton line under pressure shock operation. Subsequently, Shanghai nickel fell back slightly, the center of gravity fluctuated around the daily average, and finally closed at 133380 yuan / ton, up 40 yuan / ton from the previous trading day settlement price, up 0.03%, trading volume 480000 hands, position reduced by 9000 hands to 286000 hands. Overnight Shanghai nickel closed in the Yin Cross, the upper 20-day moving average is facing resistance, the lower 132000 yuan / ton line is temporarily supported, today pay attention to the upper 20-day moving average to Shanghai nickel resistance.
[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)
