[brief comment on nickel in SMM] the nickel rally in Shanghai is still led by Shanghai nickel, which is up nearly 3.5 per cent.

SMM, July 17 / PRNewswire-Asianet /-

Shanghai nickel 1910 opened today at 109960 yuan / ton, before noon, shanghai nickel in the daily average below the center of gravity around 109600 yuan / ton first-line concussion finishing. In the afternoon, multi-hair strength increased positions, Shanghai nickel concussion upward, breaking the daily average, touch high 111600 yuan / ton, finally closed at 111420 yuan / ton, compared with the previous trading day settlement price rose 3720 yuan / ton, an increase of 3.45%, trading volume increased 121000 hands to 410000 hands, position volume increased 17798 hands to 220312 hands. Shanghai nickel is still leading the rise, the first increase in non-ferrous, Shanghai nickel index today capital inflow of 256 million yuan, ranking first in non-ferrous capital inflow. Shanghai Ni 1908 contract positions fell by 8364 to 128814 today, while trading volume increased by 53000 to 958000. Today, the Shanghai nickel 1910 contract closed at the lower shadow line, the Xiaoyang line, and rose late in the day after the horizontal plate concussion. Shanghai nickel is expected to run above the 110000 yuan / ton gate in the evening.

Night focus on the total number of construction permits in the United States in June and the total number of new housing starts in June (10,000 units); the EIA crude oil inventory in the United States for the week ended July 12 (10,000 barrels).

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