SMM, July 8:

The Shanghai Nickel 2010 contract opened at 107390 yuan / ton today, and the initial shock hit 106800 yuan / ton first line. This position was supported and Shanghai nickel turned upwards. After the daily average of 107400 yuan / ton fell slightly, Shanghai nickel continued to strengthen, exploring a daytime high of 107670 yuan / ton. It finally closed at 107530 yuan / ton, up 240 yuan / ton, or 0.22%, compared with the previous day settlement price. The turnover was 670778 lots, and the position was 137617 lots. Shanghai nickel closed at Xiaoyangzhu today, its daytime amplitude was smaller than that of previous days, and the trend was relatively flat. At night, we should pay attention to the shock above the Shanghai nickel 107000 yuan / ton barrier, and at night, we should pay attention to the macro mood fluctuations brought about by the release of EIA crude oil inventory (10,000 barrels) data in the week from July 3 to July 3 in the United States.

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