Tax reform program through the Lun Lun nickel strong pull up

Date：2017-12-21 11:19:23 Visit：1518

Subject to optimistic expectations of the tax reform, afternoon pull goods generally rose, LME copper rose 0.50%, Lun Niya continued rising momentum after the close of the day, expanding steadily, the current price of 11890 near the operation, the day up 125 USdollars / ton , Almost equal to 12,000 mark.

Yesterday evening the Republican Congress House of Representatives tax reform bill has been approved by 227-203 votes will be submitted to the Senate in the US East Tuesday night vote, the market generally optimistic about the passage of tax reform, stage is still expected to support the strengthening of basic metals, In addition, nickel fundamentals also continued to improve, on the one hand, the Philippines rainy season, nickel supply contraction, while the domestic environmental protection continued tightening, there is expected to tighten the supply of ferronickel, and from the demand side, although with the Stainless steel prices continued to fall, some steel repair, production cuts, but is expected to affect the output is limited, the demand for nickel is still maintained at a high level.

Technically, the current nickel continue to run above the moving average system, still in the long array, pay close attention to the top 12000 resistance, if broken, the space for further price increases will open, if the price callback, then focus on the bottom 11,500 support.