Home / Metal News / Nickel / [stainless steel review] the center of gravity of stainless steel, which is dominated by short positions, moves down again throughout the day.
[stainless steel review] the center of gravity of stainless steel, which is dominated by short positions, moves down again throughout the day.
Oct 17,2019 19:06CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 17 October:

SS2002, the main contract for stainless steel futures, opened at 15325 yuan / ton in early trading this morning. At the beginning of the session, SS rose 15480 yuan / ton, broke through the daily average, short increased positions, SS fell below the daily average, short increased positions, SS fell sharply, afternoon, SS center of gravity around 15150 yuan / ton narrow fluctuation, amplitude 50 yuan / ton, the bottom 15130 yuan / ton is supported, near the close, short position reduction, closed at 15180 yuan / ton. Compared with the previous settlement day, it fell 320 yuan / ton, or 2.06%, to close at the big negative line. Daily transactions of 21976 hands, an increase of 12176 hands, holding 14866 hands, an increase of 804 hands compared with yesterday. Dragged down by the nickel price, the center of gravity of stainless steel moved down for three consecutive days, mainly short positions throughout the day, SS index capital inflow of 102 million.

 

Stainless steel spot
stainless steel price
trend forecast
SMM brief review

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news