[SMM Nickel Morning News] Nickel wide concussion Operation Today focus on the Operation of Nickel pressurized Integer Gate

Published: Jul 28, 2020 08:47
[SMM Nickel Morning News: futures Nickel wide concussion Operation Today focus on the Operation of Nickel pressure Integer Gate] overnight Shanghai Nickel closed in the long lower shadow line small negative column, the lower EMA is multi-headed, and the pressure at the upper 110000 yuan / ton gate is relatively strong. Today, we still need to pay attention to the operation of Shanghai Nickel pressure in this position. Lunni closed at Xiaoyang Pillar last night, was closely supported by several moving averages below, and the 13900 US dollars / ton pass above Lunni was under pressure. today, Lunni opened at 13800 US dollars / tonne. Today, we will focus on the position pressure of 13900 US dollars / ton above.

SMM7 March 28:

The overnight Shanghai Nickel 10 contract opened at 110000 yuan / ton yesterday. Under pressure on the integer gate, the opening short position was mainly increased. Shanghai Nickel concussion descended to a low of 109210 yuan / ton at night. After being supported, the shock revived to 110130 yuan / ton, and the center of gravity rose to 109800 yuan / ton. Then it fluctuated in a narrow range around this position until closing at 109960 yuan / ton, down 0.16% compared with the previous trading day, and the trading volume was 285000 lots. The position decreased by 1690 hands to 146000 hands. Overnight, Shanghai nickel closed in the long lower shadow line small negative column, the lower moving average is multi-headed, and the upper 110000 yuan / ton gate pressure is relatively strong. Today, we still need to pay attention to the operation of Shanghai nickel pressure in this position.

The Asian market opened at 13650 US dollars / ton yesterday, mainly with wide shocks throughout the day. Lunni opened up sharply and detected a rise of 13865 US dollars / ton, while the pressure shock fell back, breaking the 13800 US dollars / ton to 13700 US dollars / ton mark. It is supported by concussion V-type operation and falls back immediately after rising to the position of US $13820 / ton. By 19: 00 p.m., the center of gravity of Lunni went down to the position of $13750 / ton, then operated under pressure and fluctuated around that position, with an operating range of $13690 / ton and $13820 / ton, finally closing at $13800 / ton, up $165.00 / ton or 1.21% from the previous day's settlement price. the trading volume was 6260 lots, and the position decreased by 2615 lots to 197000 lots. Lunni closed at Xiaoyang Pillar last night, was closely supported by several moving averages below, and the 13900 US dollars / ton pass above Lunni was under pressure. today, Lunni opened at 13800 US dollars / tonne. Today, we will focus on the position pressure of 13900 US dollars / ton above.

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 021-5166 6775 QQ: 1553928752, contact: Zhang Lingying]

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

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
 [SMM Analysis] Sulfur Market: Supply Contraction & New Energy Surge Keep 2026 Tight.
9 hours ago
[SMM Analysis] Sulfur Market: Supply Contraction & New Energy Surge Keep 2026 Tight.
Read More
 [SMM Analysis] Sulfur Market: Supply Contraction & New Energy Surge Keep 2026 Tight.
[SMM Analysis] Sulfur Market: Supply Contraction & New Energy Surge Keep 2026 Tight.
In 2025, the sulfur market experienced wild swings under the dual impact of multiple supply-side contractions and the rapid release of demand from the new energy sector, with prices rising by more than 200 over the year. Looking ahead to 2026, the tight supply-demand landscape is expected to persist.
9 hours ago
[SMM Stainless Steel Flash] India’s Stainless Steel Industry Faces Supply Gap Amid Rising Domestic Demand
9 hours ago
[SMM Stainless Steel Flash] India’s Stainless Steel Industry Faces Supply Gap Amid Rising Domestic Demand
Read More
[SMM Stainless Steel Flash] India’s Stainless Steel Industry Faces Supply Gap Amid Rising Domestic Demand
[SMM Stainless Steel Flash] India’s Stainless Steel Industry Faces Supply Gap Amid Rising Domestic Demand
India’s stainless steel sector is grappling with a significant imbalance between domestic capacity and the surging demand for high-quality materials. Despite robust growth in infrastructure and construction, local production struggles to keep pace, while low-priced imports continue to hinder the full utilization of domestic facilities. To address these gaps, industry players are focusing on strengthening local scrap recycling systems and enhancing technical capabilities to meet international standards. Balancing domestic output with consumption remains a critical priority for the long-term stability of India's stainless steel value chain.
9 hours ago
Data: SHFE, DCE market movement (Mar 24)
9 hours ago
Data: SHFE, DCE market movement (Mar 24)
Read More
Data: SHFE, DCE market movement (Mar 24)
Data: SHFE, DCE market movement (Mar 24)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 24 Mar , 2026
9 hours ago