[brief comment on nickel in SMM] Shanghai nickel continued to decline as a whole, maintaining a small concussion during the day

SMM, June 5 / PRNewswire-Asianet /-

Shanghai nickel 1907 opened at 96260 yuan per ton today. Before noon, Shanghai nickel was supported by 96100 yuan / ton gate, and the upper pressure was 96400 yuan / ton line, with a narrow range of fluctuations. In the afternoon, Shanghai nickel is still under pressure of 96400 yuan / ton line, many times failed to break through, the center of gravity around the daily average narrow concussion, closed at 96350 yuan / ton. Throughout the day, the Shanghai nickel main contract closed at the Xiaoyin line, the settlement price fell 430yuan / ton, down 0.44%, trading volume increased 37300 hands to 654000 hands, position volume increased 4100 hands to 182000 hands. The Shanghai Ni 1908 contract increased its position by 18900 to 189000 today. Daily line technology MACD red column to green column. In the evening, we will pay attention to whether Shanghai nickel can be stable at 96000 yuan per ton. Overnight, we should pay attention to the change in ADP employment in May (10,000); the ISM non-manufacturing index in May and the EIA crude oil inventory change in the week of May 31 (10,000 barrels).