Home / Metal News / [SMM Nickel brief Review] Shanghai Nickel High shock record "V" trend 07 contract delivery market focus on the main monthly position

[SMM Nickel brief Review] Shanghai Nickel High shock record "V" trend 07 contract delivery market focus on the main monthly position

iconJul 15, 2020 17:17
Source:SMM

SMM, July 15:

The main contract of Shanghai Nickel 2010 opened high at 108840 yuan / ton in daily trading today. After a brief shock after opening, it gradually fell to 108400 yuan / ton. In the second trading session of the morning market, Shanghai Nickel fell as low as 107720 yuan / ton. Supported by the 5-day moving average, Shanghai Nickel quickly rebounded to 108800 yuan / ton. In the afternoon, Shanghai Nickel briefly stood on the first line of 109000 yuan / ton, and then the bulls stopped their earnings and left the market one after another. Shanghai Nickel finally closed at 108570 yuan / ton, down 450yuan / ton, or 0.41%. The trading volume was 691219 lots, and the position decreased by 4609 lots to 145344 lots. Today, the domestic Shanghai and Shenzhen stock markets pullback, capital boost confidence blocked, so Shanghai nickel high consolidation. At night, we should pay attention to the change of the main position and be cautious about the price fluctuation caused by the long position.

In addition, today's 07 contract delivery closed at 107850 yuan / ton, the settlement price was 107870 yuan / ton, the position was 9780 lots, and the delivery volume was 9780 tons.

 

 

"Click to view SMM exclusive historical price data

Big data business contact:

 

Shanghai Nickel Futures
Nickel Price
SMM brief Review

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