Home / Metal News / Nickel / (audit) [brief Review of SMM] Shanghai Nickel is up more than 3% in the morning and more than 3% higher than 3% in the morning. The interlaced nickel market is still suitable for short-term operation.
(audit) [brief Review of SMM] Shanghai Nickel is up more than 3% in the morning and more than 3% higher than 3% in the morning. The interlaced nickel market is still suitable for short-term operation.
Apr 27,2020 18:34CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM4 27: April 27 morning, the non-ferrous metals market opened high, of which Shanghai nickel also opened high, as of 10:35, reported 103510 yuan / ton, an increase of 3.2%, rose to the highest level since March 11. SMM believes that in addition to crude oil, the macro performance is relatively stable, and the performance of nickel fundamentals is fair, but it is not too optimistic. Although there are good news that nickel imports have been blocked and overseas first-class nickel enterprises have reduced production, it is still difficult to improve the balance of supply and demand as a result of the massive invasion of nickel pig iron in Indonesia. The stainless steel market is still worried, but even if there is limited room for decline, it is intertwined. In the short term, the nickel market is still more suitable for short-term operation.

 

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