[stainless steel review] stainless steel center of gravity lifting spot water narrowing the whole day to close at the positive line

Published: Oct 24, 2019 16:17 (GMT+8)

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SMM, 24 October:

SS2002, the main contract for stainless steel futures, opened at 15025 yuan / ton in early trading this morning. Before noon, SS fluctuated upward along the daily moving average, bearing a pressure of 15100 yuan / ton above the pass. In the afternoon, SS fluctuates up and down around the daily moving average, with an amplitude of about 100 yuan per ton. Near the close, short positions increased, closing at 15005 yuan / ton. Compared with the previous settlement day, rose 50 yuan / ton, an increase of 0.33%, closed at the positive line. A daily transaction of 11796 hands, minus 5736 hands, holding 17000 hands, minus 306 hands. Short profit left for two days in a row, the center of gravity of stainless steel rose again, but the top high position is difficult to get an effective breakthrough. Morning spot market quotation is generally flat, light trading, 10:30 SHFE SS2002 contract selling price of 15405 yuan / ton, Wuxi stainless steel spot water 265-365 yuan / ton, water narrow (spot edge = rough edge + 170 yuan / ton)

Stainless steel spot stainless steel price trend forecast SMM brief review

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