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[SMM Nickel Morning News] Nickel Nick
Apr 3,2020 08:44CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 3 April:

Lunni opened at US $11260 / ton yesterday, and opened with a sharp drop of US $10950 / tonnage. Affected by the rise in crude oil, Lunni and Shanghai nickel basically reversed the trend at 10: 00:00 in the morning, swinging and pulling up, and continued to rise after a small fluctuation of US $11200 / ton, rising to US $11350 / ton on the 5th. Entering the European period, Lunni fluctuated widely around the center of gravity of $11300 / tonne, supported by $11200 / tonne below, and finally closed at $11300 / tonne, up $40 / tonne, or 0.36 per cent, from the previous day's settlement price. Trading volume increased by 615 hands to 5670 hands, while position decreased by 2244 hands to 224934 hands. Lunni closed yesterday in a long shadow line small balcony, above the K column pressure 5-day moving average, today Lunni opened at $11340 / ton, follow-up attention to the nickel pressure of $11300 / ton operation.

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