Home / Metal News / Nickel / [SMM brief comment] the daytime trend of Shanghai nickel is stable 9.2-93000 yuan / ton range of small shock consolidation
[SMM brief comment] the daytime trend of Shanghai nickel is stable 9.2-93000 yuan / ton range of small shock consolidation
Apr 3,2020 16:46CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

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.

[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

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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