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[stainless steel review] the center of gravity of stainless steel moves down again and runs weakly and steadily throughout the day.
Oct 16,2019 17:44CST
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Source:SMM
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SMM, 16 October:

SS2002, the main contract for stainless steel futures, opened at 15550 yuan / ton in early trading this morning. Before noon, more flat into the air, SS shock fell. In the afternoon, the center of gravity of SS moved down, around 15500 yuan / ton narrow fluctuation, the top pressure daily moving average, the bottom 15470 yuan / ton supported, near the close, short profit left, closed at 15490 yuan / ton, compared with the previous settlement day down 40 yuan / ton, down 0.26%, closed at the positive line. The daily transaction of 9800 hands, minus 13270 hands, holding 14062 hands, down from yesterday. SS2002 main contract experienced a sharp fall yesterday, today's stainless steel center of gravity moved down again, mainly to the long reduction, the bottom position fell to 15400 yuan / ton level.

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