SMM May 21: [SMM stainless steel futures review] SS2007 contract night opened at 13380 yuan / ton, at the beginning of the market short positions dominated, stainless steel fell below 13300 yuan / ton line, and then gained support all the way up, back to near the opening price, closing at 13400 yuan / ton. The daily trading opened at 13435 yuan / ton. At the beginning of the session, the uplink shot up to 13550 yuan / ton to bear the pressure, giving up all the increases, to the daily average line of 13400 yuan / ton to be supported, and then oscillated in the 13400m 13500 range. Ten minutes before the close, the bulls increased their positions so that the SS2007 contract rose sharply, breaking through 13600 yuan / ton, and finally closed at 13635 yuan / ton, up 185yuan / ton, or 1.38%, over the previous day's settlement price. The whole day's trading volume increased by 14272 lots to 35641 lots, and the position decreased by 999 lots to 53570 lots. The SS2007 contract closed at Zhongyang column all day, and the 5 / 10 moving average coincided around 13400 yuan / ton, forming a certain support below. The price of nickel rose sharply today, but the trend of stainless steel during the day was relatively stable, only rapidly breaking through the 13600 yuan / ton mark at the end of the day. Follow-up attention was paid to whether the stainless steel futures market was affected by the rise in nickel price and continued to show a strong state.
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