[brief Review of Nickel in SMM] Shanghai Nickel fell to 126000 yuan / ton in opening trading.

SMM, 21 Oct:

Shanghai Nickel 1912 opened at 127850 yuan / ton today, fell in a straight line after the opening, fell below 128000 yuan / ton, fell again after a brief concussion of 126800 yuan / ton, and fell again to 125330 yuan / ton. subsequently, the overall pressure on Shanghai nickel 126000 yuan / ton narrow shock, the last trading hours rose slightly, closed at 126390 yuan / ton, down 2630 yuan / ton from the settlement price of the previous trading day, down 2.4%, trading volume decreased 188000 hands to 1.061 million hands. Positions increased by 13000 to 375000. The Shanghai Nickel 1912 contract closed at the Zhongyin column today and has fallen below the 60-day moving average support, focusing on whether Shanghai Nickel can hold on to the first line of 125000 yuan / ton in the evening.

The data are light tonight.

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