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[stainless steel review] stainless steel center of gravity lift expected short-term price to maintain stable operation
Oct 23,2019 16:49CST
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Source:SMM
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SMM, 23 Oct:

SS2002, the main contract for stainless steel futures, opened at 15095 yuan / ton in early trading this morning. Before noon, more flat into the air, SS shock down to the daily moving average. In the afternoon, SS fluctuates in a narrow range around the daily average, with an amplitude of 50 yuan / ton. Near the close, short positions reduced, closing at 14975 yuan / ton. Compared with the previous settlement day, it rose 120 yuan / ton, or 0.81%, to close at the positive line. A total of 17532 hands were traded throughout the day, an increase of 7228 hands, a position of 17306 hands and a decrease of 882 hands. The overall trend of stainless steel follows the nickel price, and the multi-empty activity weakens during the day. The spot market was also light, with 14965 yuan / ton for the 10:30 SHFE SS2002 contract and 705-805 yuan / ton for Wuxi stainless steel spot (spot edge cutting = rough edge + 170 yuan / ton)

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