SMM, 31 October:

SS2002, the main contract for stainless steel futures, opened at 15005 yuan / ton in early trading this morning. Before noon, the center of gravity of SS fluctuated around the range of 15020 yuan / ton, the amplitude was 70 yuan / ton, and the daily moving average of pressure was above. In the afternoon, the long position, SS was dragged down by the nickel fall, fell below the daily average, once bottomed 14925 yuan / ton. Near the close, the long position reduced, closing at 14985 yuan / ton. Compared with the previous settlement day, it was down 35 yuan / ton, or 0.23%. A daily transaction of 6612 hands, an increase of 1148 hands, holding 15984 hands, an increase of 246 hands, closed in the negative line. SS closed in the negative line entity on the high side throughout the day, 15000-15050 yuan / ton range to form a short concentrated approach position, sitting for two consecutive days to consolidate the 10-day moving average support level. In the near future, the interval is still dominated by multi-empty counterbalance game.