Home / Metal News / [SMM Nickel Morning News] Shanghai Nickel Co., Ltd.

[SMM Nickel Morning News] Shanghai Nickel Co., Ltd.

iconJul 7, 2020 07:58
Source:SMM
[futures Nickel brief Review] overnight Shanghai Nickel 10 contract closed at Xiaoyangzhu yesterday, Shanghai Nickel broke up, Boll line on the rail pressure has been broken, short-term pressure level may change from pressure level to support level, below the EMA is multi-headed arrangement, today pay attention to whether Shanghai Nickel can continue the rising market, pay attention to the upper 108000 yuan / ton mark pressure. Lunni closed at Dayangzhu yesterday, Lunni closed for 7 consecutive trading days, K-column broke Boll line on the rail pressure, running along the 5-day moving average, MACD red column longer, the upward trend is strong, short-term short need to be cautious. Lunni opened at US $13400 / ton today to test the pressure at the gate.

SMM, July 7:

Macro boost, Shanghai Nickel main contract strong daytime trend, up 2.13%. High consolidation at night, the operation is relatively stable. The overnight Shanghai Nickel 10 contract opened at 107430 yuan / ton last night. after opening, the short-term consolidation reached a night high of 107800 yuan / ton. then Shanghai Nickel was under pressure at the gate, and the center of gravity moved to the first line of the daily average line of 107400 yuan / ton. Shanghai Nickel fluctuated around the center of gravity in a narrow range. Half an hour before the close, Shanghai Nickel rose slightly again, 107700 yuan / ton first line pressure fell, and finally closed at 107530 yuan / ton, up 420 yuan / ton than the settlement price of the previous trading day. The trading volume increased by 0.39% to 312000 lots, and the position increased by 9123 lots to 137000 lots. Overnight Shanghai Nickel 10 contract closed at Xiaoyangzhu yesterday, Shanghai Nickel broke upstream, Boll line rail pressure has been broken, short-term this position may change from pressure level to support level, below the EMA is multi-headed arrangement, today pay attention to whether Shanghai Nickel can continue the rising market, pay attention to the upper 108000 yuan / ton gate pressure.

Affected by the accelerated pace of China's economic recovery and the improvement of national macro data, London Metal strengthened together with all the colors and stock markets in the previous period. Lenny opened at 12985 US dollars / ton yesterday and re-stood above the Wansan pass shortly after opening. Renni continued to rise after the opening of Shanghai Nickel, with its center of gravity rising to 13230 US dollars / ton and short-term consolidation in the afternoon. Lenny continued to rise in the afternoon, rising by 13400 US dollars / ton, brushing the high after the New year, and finally closing at 13400 US dollars / ton, up 425 US dollars / ton, or 3.28%, compared with the previous trading day. The turnover was 8765 lots, and the position decreased by 1193 lots to 203000 lots. Lunni closed at Dayangzhu yesterday, Lunni closed for 7 consecutive trading days, K-column broke Boll line on the rail pressure, running along the 5-day moving average, MACD red column longer, the upward trend is strong, short-term short need to be cautious. Lunni opened at US $13400 / ton today to test the pressure at the gate.

For more information, please subscribe to SMM Nickel Research Group products "China Ni-Cr stainless Steel Industry chain routine report" and "China Ni-Cr stainless Steel Industry chain High-end report" to get the latest data analysis and market analysis of nickel ore, nickel pig iron (China + Indonesia), electrolytic nickel, nickel sulfate, chromium ore, ferrochrome and stainless steel (China + Indonesia). For order and trial, please call 021 tel 5166 6775 QQ: 1553928752, contact: Zhang Lingying)

(Zhang Lingying TEL:021-5166 6775 QQ: 1553928752)

Click to sign up: 2020 China International stainless Steel Industry Market and Application Development Forum

Scan the QR code, apply for participation or join the SMM metal exchange group

Nickel price
trend Forecast
SMM brief Review
Daily Review
Lunni Futures Review
Nickel
Futures

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

Related news