[SMM Nickel Morning News] Nickel Shanghai Nickel Nick

SMM, 21 Oct:

Lunni Asia opened at $16235 a tonne today, with a narrow range of fluctuations around the daily moving average in the early afternoon. In the afternoon, Lunni probe down $16190 / ton, slightly upward, many times up the $16400 / ton line, pressure breakthrough failed, down. At 19: 30 in the evening, Lunni rose $16485 / tonne, then quickly fell, giving up all the gains to $16200 / tonne, a narrow range of volatility, and finally closed at $16210 / tonne, down $10 / tonne, or 0.06%, from the previous day's settlement price, with 5238 hands in trading volume and 2000 to 278000 hands in positions. Lunni closed in the shadow line hammer, the K column as a whole closed at $17200 / tonne line, today focused on Lunni can hold the $16200 / tonne barrier continued to concussion operation.

Overnight, Shanghai nickel opened at 130020 yuan / ton. After the opening, the pressure daily average line fluctuated all the way down to 128000 yuan / ton. Then, the center of gravity fluctuated around 128400 yuan / ton, and finally closed at 128080 yuan / ton. Compared with the settlement price of the previous trading day, the settlement price fell 1220 yuan / ton, down 0.94%, trading volume 561000 hands, position increased 10 000 hands to 372000 hands. Overnight Shanghai nickel closed in the small negative line, the K column pierced the 60-day moving average support, the top pressure on a number of moving averages, today pay attention to whether Shanghai nickel can hold 128000 yuan / ton pass.

Early this morning, the National Bureau of Statistics released a monthly report on residential sales prices in 70 large and medium-sized cities and quoted interest rates in China's one-year loan market in October.

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