[brief comment on nickel in the SMM phase] Shanghai nickel closed at 97000 yuan / ton pass above the Xiaoyin line today.

SMM, July 3 / PRNewswire-Asianet /-

Shanghai nickel 1908 opened at 97460 yuan / ton today. During the day, Shanghai nickel was supported by the daily average of 97200 yuan / ton, and the upper pressure was 97600 yuan / ton. The overall range fluctuated, closing at 97270 yuan / ton. Compared with the previous trading day, the settlement price fell 910 yuan / ton, down 0.93%, the position decreased 7000 hands to 140000 hands, and the trading volume decreased 152000 hands to 508000 hands. After two consecutive days of sharp declines, the Shanghai Ni 08 contract closed at the Xiaoyin line today, fluctuating slightly above the 97000 yuan / tonne barrier during the day. In the evening, we will pay attention to whether Shanghai nickel can continue to fluctuate and hold the 97000 yuan / ton gate.

Overnight focus on June ADP employment in the United States; initial jobless claims for the week ended June 29; monthly factory order rate in May; and changes in EIA crude oil stocks for the week ended June 28.