SMM, July 14:
The overnight Shanghai Nickel 10 contract opened at 108300 yuan / ton last night. Shanghai Nickel continued the daytime upward trend, mainly with a substantial increase in positions. Shanghai Nickel fluctuated all the way up to 109300 yuan / ton along the daily average line, and the pressure fell back to 108500 yuan / tonne. Then the bulls continued to increase their positions close to the 110000 mark, bearing pressure on the narrow range of fluctuations at the gate until the close, and finally closed at 110000 yuan / ton, up 1490 yuan / ton or 1.37% compared with the settlement price of the previous trading day. The turnover was 469000 lots, and the position increased by 17000 lots to 163000 lots. Overnight Shanghai Nickel closed at the Mid-Yin column, K-column pressure Boll line on the rail 110000 gate, below a number of moving average support, today pay attention to the pressure at this pass.
Renni Asian trading opened at US $13555 / tonne today. After opening, the center of gravity fell back to around US $13530 / tonne, briefly falling to US $13480 / tonne, the lowest point of the day. Lenny rose to $13590 / ton at noon, stood on the $13600 / ton line in the afternoon, and reached as high as $13650 / ton. After Shanghai Nickel closed, Lunni quickly gave up its gains to around US $13580 / tonne, and its center of gravity fluctuated in a narrow range around this position, with a minimum of US $13520 / tonne. Lenny Nickel rose sharply with Shanghai Nickel at night, rising by US $13730 / tonne along the way and closing at US $13725 / tonne, up 1.22% from the previous day's settlement price. The trading volume was 7685 lots, and the position decreased by 1685 lots to 201000 lots. Lunni closed at the small positive pillar of the long lower shadow line last night, the waist of the K column passed through the upper track of the Boll line, and the shadow line went down to the 5-day moving average line. Lunni opened at 13650 US dollars / ton today. Today, we will pay attention to the operation of Lunni pressurized Boll line.
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
