[brief Review of SMM stainless Steel Futures] the narrow range fluctuation around the daily average is expected to remain strong in the short term.

SMM, 9 October:

Ss2002, the main contract for stainless steel futures, opened at 15675 yuan / ton in early trading this morning. Within the day around the daily moving average interval concussion, long and short evenly matched, the funds are mainly closed. Near the close, short reduced positions, after the bottom of 15630 yuan / ton, short profit-taking, the end of the day rose to 15675 yuan / ton, up 30 yuan / ton from the previous settlement day, up 0.19%, closed at the positive line. The total daily turnover of 4898 hands, position 14500 hands, compared with the previous settlement day down by 114 hands, ss2002 main contract daily capital outflow of 23.62 million yuan. Under the support of the cost, it is expected that the short-term stainless steel price is still on the strong side.