SMM, 28 October:
SS2002, the main contract for stainless steel futures, opened at 14960 yuan / ton in early trading this morning. At the beginning of the day, shorts reduce positions, SS impact high 15065 yuan / ton, after the fall of pressure daily averages narrow fluctuation, amplitude 50 yuan / ton. In late afternoon trading, the intraday low was 14885 yuan / ton. In the afternoon, with Zang Lun nickel, short reduction, SS break through the daily average, shock upward. Near the close, short positions reduced, closing at 15005 yuan / ton. It was up 75 yuan / ton, or 0.5%, from the previous day of settlement. The whole day deal 9592 hands, minus 4002 hands, hold 16402 hands, reduce 722 hands, close in the positive line, the bottom 5-day moving average is supported, the top 10-day moving average pressure level is difficult to break through, the short-term trend is dominated by interval concussion.