[brief comment on nickel for SMM] Shanghai nickel concussion fell to 98000 yuan / ton today, down nearly 1.5 per cent

SMM, June 21 / PRNewswire-Asianet /-

Shanghai Ni 1908 opened at 99400 yuan / ton today, Shanghai Ni overall weak operation during the day. At the beginning of the day, Shanghai nickel pressure of 99000 yuan / ton first-line shock fell, below by the 10-day moving average of 98200 yuan / ton first-line support after a small fluctuation. In the afternoon, Shanghai nickel center of gravity around 98300 yuan / ton first line narrow range concussion, closed at 98310 yuan / ton, compared with the previous trading day settlement price fell 1450 yuan / ton, down 1.45%, position decreased 8000 hands to 243000 hands, trading volume increased 78800 hands to 778000 hands. All day, Shanghai nickel main contract closed in the negative line, has fallen below the 5-day moving average. The outflow of funds from the Shanghai nickel index was 234 million yuan. In the evening, Shanghai nickel can be supported by the 10-day EMA, holding the 98000 yuan / ton gate.

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