SMM, July 10:

The overnight Shanghai Nickel 10 contract opened at 107900 yuan / ton, the overnight dollar index rose sharply, and the price of crude oil fell simultaneously. Shanghai Nickel followed the decline at night. At the beginning of trading, it fluctuated all the way down below the daily average line, and the first line of 107200 yuan / ton was supported for short-term consolidation. Then the rate of decline increased, and then rebounded to the position of 106000 yuan / ton after falling 105080 yuan / ton. The center of gravity fluctuated narrowly around this position until the close, and finally closed at 105610 yuan / ton, down 2020 yuan / ton, or 1.88%, than the settlement price of the previous day. The trading volume was 604000 hands. The position decreased by 5442 hands to 140000 hands. The overnight Shanghai Nickel 10 contract closed at the Zhongyin column last night, and Shanghai Nickel fell below the 5 / 10 moving average, testing the position of 105000 yuan / ton pass below the shadow line. Today, we will pay attention to the support situation of this pass.

The Lunni Asian market opened at US $13475 / ton yesterday. After opening, the concussion fell below the US $13400 / ton mark and was supported to rebound to the US $13500 / ton position. After short-term concussion consolidation, it fell again to US $13430 / ton. Then before the repetition, the trend of US $13500 / ton fell sharply after short-term consolidation, fell sharply, fell US $13155 / ton, rebounded slightly at the end of the day, and finally closed at US $13205 / ton, down US $275 / ton from the settlement price of the previous trading day. It fell 2.04% to 8273 lots, and its position decreased by 754 lots to 203000 lots. Lunni closed at Xiaoyin column yesterday, k-pillar waist through the 5-day moving average, standing above 13200 US dollars / ton, Lunni opened at 13230 US dollars / ton today, today focus on Lunni 13200 US dollars / ton position support.

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