text/Wild Mei Editor/Nick
Today's Shanghai Nickel 1807 contract opened high at a price of 107,470 yuan/ton. The lowest price intraday is 106,210 yuan/ton, the highest price is 109,790 yuan/ton, the closing price is 108,120 yuan/ton, closing up 4.24%, with a trading volume of 2.274 million lots. After the United States announced sanctions against Rusal last week, non-ferrous metals were affected one after another, and market concerns sparked a soaring nickel price. It is worth noting that the main bulls who were still increasing their positions in the Shanghai Nickel 1807 contract the day before began to significantly reduce their positions today, while the main shorts increased their positions significantly. Is it the profit-taking of the bulls or the shorts singing into the market?
From the perspective of the position of the long main seats, Yongan Futures has firmly ranked first in the long seats with a net long position of 5,347 lots on April 13. Yongan Futures, Guotai Junan , and Haitong Futures , which have long occupied the top five long seats, both significantly reduced their long positions with more than 2,000 lots today. Guohailiang, which ranked third in net positions, also reduced its net long orders by 315 lots, and only Shenwan Futures, which ranked fifth, increased its position by 1,631 lots, which is only 8 lots, which is basically the same as the fourth-ranked Haitong Futures.
From the main seats of short positions, Luzheng Futures has continued to short positions for many consecutive days, and has firmly ranked first with the main short positions with the short positions since yesterday. Except for the fourth-ranked Everbright Futures, which cut 97 net short positions, the other main seats have increased significantly. Among them, Wugang Jingyi, which ranked third, increased its net short position by 3,780 lots, was the most obvious increase in the top five main seats.
Judging from the positions of the top five main seats, the total position of long seats is 39236.4 lots, while the total position of short seats is 46937.3 lots, the change in the warehouse receipts of the top five longs is -6159 lots, while the shorts are 8529 lots. It can be seen that the chip concentration of short seats is stronger than that of long seats, and the market atmosphere is relatively short, so it is not advisable to chase the rise too much.
From the external market, today LME nickel broke through US$16,000 and rose nearly 9% during the session, rising to US$16,690, the highest since 2014. Obviously, the market is worried that the US sanctions against Russia may hit the Norilsk Nickel Industry, the world's second largest nickel manufacturer, and the rise is about to explode.
Ruilong Futures Shanghai Branch Vice General Manager Zeng Gang said in an interview with "Bulle Insider" that Russian Nickel has requested the pledgee to settle the financing for goods that were originally not allowed to be delivered by LME. In the future, the inventory in bonded area will quickly flow into the domestic futures market, and it is expected that Russian nickel may flow into the Chinese market.
Shanghai Futures Exchange notified after the closing of the afternoon of the 19th that starting from trading on April 20, 2018 (i.e., the trading fee for closing today's position on April 19) will be adjusted from 30 yuan/ lot to 6 yuan/ lot. The transaction fee of Nickel NI1807 contract has been adjusted from 1 yuan/ lot to 6 yuan/ lot, and the transaction fee of intraday closed today's position has been adjusted to 6 yuan/ lot.
Russia-US trade frictions have escalated. Under the turmoil, how will the non-ferrous market go? Bulk internal reference invites industry experts to bring you exclusive interpretations. Please see "Bules Carnival, the non-ferrous sector collectively soars, who will go further? | Roundtable Interpretation》
(Disclaimer: Bulk Insider strives to use information accurately, the content and views described in the information are objective and fair, but does not guarantee whether necessary changes are required. The information provided by Bulk Insider is for customer decision-making reference only and does not constitute direct suggestions for customer decision-making. Customers should not replace their independent judgment with this. Any decision made by customers has nothing to do with Bulk Insider. The copyright of this article belongs to Bulk Insider. Welcome to share this article, please click here for reprinting)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-