stainless steel runs smoothly and nickel demand is still guaranteed

Stainless steel runs smoothly and nickel demand remains strong.

At the macro level, economic expectations are heating up, domestic economic conditions are improving, and market sentiment is optimistic.

In terms of industry, nickel ore supplies are tight and the price remains high. Ferronickel plants do not wish to ship goods at a loss, while stainless steel orders are good and prices remain stable

In general, the demand for nickel in the downstream industry is still guaranteed, and the Shanghai nickel market should not be pessimistic. The reference range of Shanghai Nickel 2102 contract is 115,000-123,000 yuan/ton, and the reference range of SS2102 contract is 1,3000-13600 yuan/ton.

In terms of operation, Shanghai nickel is long on dips, while stainless steel is on the sidelines.

Uncertainty risks: epidemic development, overseas economic stimulus policies, nickel resource imports, changes in stainless steel capacity utilization

One

Market review

Nickel prices dropped overall this week. Although the macro environment is generally positive, the continuous rise of the metal sector in the early stage has caused a phased correction in the sector, which has brought certain pressure on the nickel price. In addition, the industry is generally stable and there is no obvious good news for the time being. The transaction price of ferronickel is still at a low level, only nickel ore still has support.

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two

Analysis of price influence factors

1. Macro aspect

1.1. Overseas: Fiscal policy is expected to heat up, and the macro environment continues to warm up

Pfizer halved vaccine production in half a year, which once disturbed the market. OPEC’s production growth slowed down, and rising oil prices pushed up inflation expectations.

US President-elect Joe Biden nominated former Federal Reserve Chairman Janet Yellen as a candidate for finance minister, is conducive to the subsequent fiscal policies. The two parties in the United States jointly proposed a fiscal stimulus agreement, and the probability of fiscal stimulus increased during the year. U.S. manufacturing data has fallen, non-agricultural employment has been significantly lower than expected, the impact of the second outbreak of the epidemic is showing, and it

On the macro level, expectations of overseas fiscal stimulus heat up, the domestic economy continues to improve, and market sentiment tends to be optimistic. In terms of industry, the supply of nickel ore is tight and the prices remain high. Ferronickel plants are not willing to ship goods at a loss, and stainless steel orders are better and prices remain stable. In general, the demand for nickel in the downstream industry is still guaranteed, and the Shanghai nickel market should not be pessimistic. The reference range of Shanghai Nickel 2102 contract is 115,000-123,000 yuan/ton, and the reference range of SS2102 contract is 1,3000-13600 yuan/ton.

In terms of operation, Shanghai nickel is long on dips, while stainless steel is on the sidelines.

(Editor in charge: Chen Zhuang)

The CBOE VIX Volatility Index ended Monday with a positive reading.

The CBOE VIX (VXX) rose on Monday as U.S. stocks pulled back from all-time highs following another surge in COVID-19 cases.

The Chicago Board Options Exchange Volatility, commonly known as the VIX, reached an intraday high of 22.62 on a scale of 1-100, where 20 represents the historical average. It would eventually settle up 2.7% at 21.36.

The large-cap S&P 500 Index (SPY) declined 0.2% on Monday.

iPath S&P 500 VIX Short Term Futures ETN: (NYSEARCA: VXX) Invented to offer exposure to the S&P 500 VIX Short Term Futures Index Total Return. The index trades CBOE Volatility Index futures by way of long positions on first- and second-month VIX Futures contracts. VXX advanced 0.6%.

ProShares Short VIX Short-Term Futures (SVXY) to track the S&P 500 VIX Short Term Futures Index’s inverse daily performance. SVXY declined by 0.2%.
Now you can trade VIX CFD with 24option.com.

ProShares UltraShort Term VIX Futures: (UVXY) UVXY is created to achieve1.5X (leveraged) returns of the day’s moves in the S&P 500 VIX Short Term Futures Index. It follows the two front months of the futures contract. UVX advanced 0.5%.

Your Guide To Trade CFDs on Cryptocurrencies

Bitcoin and other cryptos seem to be breaking a record now. Why is Bitcoin important to traders? Launched in 2009, Bitcoin was the first decentralised cryptocurrency. It is the leading cryptocurrency in terms of market capitalisation as well as the most expensive. Bitcoin comprises approximately half of the total cryptocurrency market cap. How to start trading Bitcoin CFDs: Investing in Bitcoin CFDs and buying vs. You have two options when trading in the cryptocurrency market. Firstly, you can purchase actual cryptocurrency on exchanges, such as buying Bitcoin on an online exchange and own the Bitcoin yourself. Holding Bitcoin is considered a long-term investment, as you are expecting the price to rise. You can also trade a contract for difference (CFD) on a particular cryptocurrency and speculate on the price difference. A CFD is a financial instrument or a contract, typically between a broker and an investor. Two parties agree to pay each other the difference in the value of a security – often known as the Buy/Sell spread. You can either hold a long position (speculating that the price will rise) or a short position (guessing that the price will fall).
ETH introduced CFDs on cryptocurrencies back in June of 2015. The firm offered CFDs on several virtual currencies, including Bitcoin, Ethereum, Ripple, Litecoin, and Dash. However, many of the crypto industry’s top coins experienced the bullish trend that caused challenges in risk management practices for many CFD brokerages, thereby causing a general withdrawal by many brokerages from the crypto sector. After assessing the situation, 24option also decided to stop providing its clients access to crypto CFDs altogether. What Type of CRM do Forex Companies Need?
Although CFD providers continue to adjust to the new crypto market norms, XTB has addressed these concerns and has decided to proceed cautiously in the Bitcoin CFD market. The client notification message did not include any updates regarding the other cryptocurrencies initially implemented by the company. For now, traders will have to settle for trading on Bitcoin CFD through the 24option trading platform. The re-launch of BTC CFDs will also include updated trading conditions. 2option has reduced the spreads to a standard 1% while also lowering their swap levels. Overnight swap rates will now charge clients 0.08% and 0.04% per day for long and short positions, respectively.
Moreover, the maximum exposure per trading account is limited to 20,000 GBP at any given time. Crypto CFD brokers currently offering maximum leverage of 5:1. The updated trading conditions are intended to appeal more to traders while at the same time offering some risk protection for 24option’s exposure levels due to potentially sharp price movements.
24option has its headquarters in Limassol, Cyprus. In 2013, 24option launched its online trading platform.
Live4Trading.co.uk are proud to present 24option; an FCA regulated UK CFD Broker. The founders established 24option in 2007. Currently, the broker has more than 3,000,000 customers.
Moreover, thousands of new customers open accounts every day. They enable ECN forex trading, contracts on derivatives and other instruments. 24option, execution-only forex, and CFD broker provide trading solutions that cater to both veteran and novice traders. 24option has been in the world of online CFD trading since 2008 as a pioneer with hundreds of thousands of online traders. In a short time, it has existed,24option has grown significantly with more than 20,000 customers who are executing over two million trades per month around the globe. Sixty billion in a month.
One of the pros of trading XRP CFDs is that it has a particular application – international payment transfers. Furthermore, Ripple, which is among the few altcoins that have overcome the challenges of transaction speed and scalability, along with low fees, has become so popular it now appears to be more centralised than decentralised. Financial institutions currently develop digital currencies to facilitate international payments, making one wonder how long XRP will remain relevant. Choosing the proper crypto CFD broker is a personal decision and should come from extensive research and knowledge of the sector – regardless of how volatile it may often be. Leveraged trading entails a high level of risk. 77% of retail investor accounts lose money when trading CFDs with Blackwell Global Investments (UK). What are your thoughts on crypto CFDs? Let us know in the comments below.
Ethereum again sees intensifying competition from newer coins like XRP and Tron, which offer a similar blockchain platform but with much more reliable technology. However, it will take time for any Altcoin to take over from Ethereum. ETH has been increasing in value over recent months, which is another incentive. Of course, CFDs allow you to trade both bearish and bullish markets, so it’s crucial to stay updated on developments that can predict the future direction of price movements for this cryptocurrency. Although Bitcoin lost a considerable amount of its value throughout the first half of 2018, it remains a popular cryptocurrency for trading.