SMM, 8 April:

The Shanghai Nickel 2006 contract opened at 92960 yuan / ton today. Shanghai nickel basically rose unilaterally today. The price of a large number of long positions rose to 95000 yuan / ton. At the end of the day, short confidence was insufficient to reduce their positions. Shanghai nickel broke through the gate to explore 95410 yuan / ton, and finally closed at 95310 yuan / ton. compared with the settlement price of the previous trading day, the settlement price rose 1800 yuan / ton, an increase of 1.92%, and the trading volume increased by 101000 to 488000 hands. Position increased by 26000 hands to 108000 hands, Shanghai nickel today closed in the sun column, K column through the early shock pressure level 20 averages 95000 yuan / ton position, follow-up attention to Shanghai nickel can stand stable 20 days moving average.

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