SMM, 3 April:

Shanghai Nickel 2006 contract opened at 92900 yuan / ton today, Shanghai Nickel today long and short game is strong, mainly to reduce positions. At the beginning of the session, the Shanghai nickel shock broke through the 10-day moving average to 92200 yuan / ton, and was supported by the Shanghai nickel center of gravity upward to 92500 yuan / tonnage, and around this position slightly fluctuated, the operating range is 9.2-93000 yuan / ton, and finally closed at 92640 yuan / ton, 1230 yuan / ton higher than the settlement price of the previous trading day, up 1.35%, the trading volume decreased by 277000 hands to 383000 hands, and the position decreased by 5013 hands to 79216 hands. Shanghai nickel closed in the small negative column today, the K column as a whole stood above the 10-day moving average, 5 / 10 moving average is still supported, the top is faced with 93000 yuan / ton level, nearly two weeks, Shanghai nickel as a whole around 93000 yuan / ton center of gravity wide shock, follow-up attention to the continuation of Shanghai nickel trend, weak and stable operation.

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