SMM, 6 November:
Lunni Asia, which opened at $16325 a tonne today, quickly fell from $16350 a tonne to $16200 a tonne, with a narrow range of shocks. In the afternoon, or supported by a sharp drop in the dollar index, Lunni rose from $16200 / ton to break through the daily average resistance to near the opening price. Subsequently, Lunni reversed the decline, giving up all the gains before, down $16165 / ton. At about 23:30 at night, Lunni rebounded to $16300 / D tonne and finally closed at $16295 / tonne, down $30 / tonne, or 0.18 per cent, from the previous day's settlement price. Trading volume increased by 590 hands to 7286 hands, and positions increased by 54000 hands to 286000 hands. Lunni closed in the Yin Cross, below the shadow line of $16165 / ton, far from the moving average above, pay attention to the support of the $16000 / tonne integer level below today.
Overnight Shanghai nickel opened at 131000 yuan / ton, at the beginning of the day, the center of gravity around the daily average line of 131200 yuan / ton narrow shock. Subsequently, short positions increased, Shanghai nickel downlink down 130250 yuan / ton, below by 130000 yuan / ton integer level support, a small shock up to the opening price near, and finally closed at 131290 yuan / ton, compared with the settlement price of the previous trading day fell 570 yuan / ton, down 0.43%, trading volume 263000 hands, position volume 209000 hands. Overnight Shanghai nickel closed in the Xiaoyang line, the top away from the moving average, the lower 130000 yuan / ton integer gate is supported, today pay attention to the lower 130000 yuan / ton gate support for Shanghai nickel.
Today's focus on France, Germany, the euro zone services PMI final value in October, the United States to November 1 week EIA crude oil stocks (10,000 barrels).
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Grand meeting of thousands of people in China's colored metal industry
Shanghai Colored net (SMM) Annual meeting is an annual event of the metal industry, which is attended by thousands of people every year. People from the metal industry at home and abroad gather to review and sum up the experience and harvest of the year, and lay the groundwork for the production, operation and operation of the coming year.
This year's "2019 China Nonferrous Metals Industry Annual meeting and 2020 (SMM) Metal Price Forecast Conference" was jointly created by SMM and China Renewable Resources Industry Technology Innovation Strategic Alliance and Shanghai Nonferrous Metals Industry Association. At the same time, the first "China Renewable Metals Industry chain Development Summit Forum" was held, and SMM metal price forecasting conference and waste battery recycling exchange were set up for you to enjoy. From the development of non-ferrous metal market to the recycling of renewable resources, from the detailed explanation of policies and systems to the research and development of industrial chain technology.
This is not only a meeting, but also a brainstorm for the industry to exchange information and collide with the spark of thinking!
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