Home / Metal News / [SMM brief Review] the overall trend of Shanghai Nickel Today is V-shaped follow-up attention to the consolidation of the 105000 gate.

[SMM brief Review] the overall trend of Shanghai Nickel Today is V-shaped follow-up attention to the consolidation of the 105000 gate.

iconFeb 18, 2020 16:32
Source:SMM

SMM February 118: Shanghai Nickel 2004 contract opened today at 105200 yuan / ton, Shanghai nickel today's overall trend is V-shaped, before noon, Shanghai nickel as a whole below the daily average line shock downward, fell below 104000 yuan / ton threshold to 103800 yuan / ton line; In the afternoon, after a low of 103420 yuan / ton, the trend of Shanghai nickel reversed, pulling up through the daily average to near the 105000 yuan / ton pass, recovering all the losses before noon, slightly fluctuating, and finally closing at 1050900 yuan / ton. Compared with the settlement price of the previous trading day, the settlement price rose 90 yuan / ton, an increase of 0.09%. Shanghai nickel closed today at the small shade column of the long lower shadow line, and the overall center of gravity of the K column is near 105000 yuan / ton at the intersection of the 5 / 10 moving average. The overall center of gravity of Shanghai nickel is still stable at 105000 yuan / ton, and the subsequent attention is paid to the consolidation of the position of Shanghai nickel 105000 gate.

[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 6775 QQ: 1553 928752, contact: Zhang Lingying]

Shanghai Nickel spot
Nickel Price
SMM brief Review
Price Forecast
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn