Home / Metal News / Nickel / [brief Review of SMM] Shanghai Nickel Day wide shock follow-up attention to whether Shanghai Nickel can stand at 93000 yuan / ton
[brief Review of SMM] Shanghai Nickel Day wide shock follow-up attention to whether Shanghai Nickel can stand at 93000 yuan / ton
Apr 7,2020 16:14CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, April 7-

Affected by macro positive factors, today's futures market basically turned red. The Shanghai Nickel 2006 contract opened at 93800 yuan / ton today. At the beginning of the session, the bulls' confidence was enhanced. Shanghai Nickel opened high and explored 94400 yuan / ton. The position was under pressure. The bulls took profits. The Shanghai nickel concussion went down to 93100 yuan / ton, and then Shanghai nickel fluctuated slightly around the center of gravity 93400 yuan / ton until the close, and finally closed at 93330 yuan / ton. Compared with the previous trading day settlement price rose 830 yuan / ton, up 0.9%, trading volume increased by 3627 hands to 386549 hands, position increased by 2798 hands to 82014 hands, Shanghai nickel closed in the small Yin column today, K column below the 5 / 10 moving average gradually adhesive, below 92600 yuan / ton line has support, MACD green column yesterday began to turn red, later concerned about Shanghai nickel can continue to rise momentum, stand firm 93000 yuan / ton pass.

[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