SMM, 28 October:
Shanghai nickel opened at 133610 yuan / ton today, after the opening, the long position reduced, Shanghai nickel shock all the way down, down 131230 yuan / ton, then, slightly revised, the center of gravity around 132000 yuan / ton narrow fluctuations, finally closed at 132080 yuan / ton, compared with the settlement price of 1110 yuan / ton, down 0.83%, trading volume increased by 120000 hands to 957000 hands, position volume decreased by 14000 hands to 280000 hands. Shanghai nickel closed in the small negative column, the top facing 20 EMA resistance, below there is no other moving average support, this night to pay attention to Shanghai nickel can stabilize 132000 yuan / ton level.
The data were light tonight.
[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)
