SMM4, January 1:
[SMM stainless Steel Review]
Today, the stainless steel main contract SS2006 opened at 11995 yuan / ton, after the opening, the center of gravity at the 12000 yuan / ton level slightly fluctuated, 10:30 or so, stainless steel and Shanghai Nickel 06 contract pulled up together, stainless steel 2006 contract rose 12060 yuan / ton, long position reduction led by the SS2006 contract shock downward, fell below the 12000 level to 10-day moving average near the support, the downward delay, slightly rebounded to near the 5-day moving average. Finally, it closed at 11985 yuan / ton, up 10 yuan / ton, or 0.08%, from the settlement price of the previous trading day. The trading volume increased by 3051 hands to 12398 hands, and the position decreased by 293 hands to 47925 hands.
SS2006 contract closed in the small negative column today, the top 12000 level is still facing strong resistance, the lower shadow line pierced the 5 / 10 moving average, but the bottom 10 moving average is temporarily supported, the follow-up attention to the SS2006 contract can be stable above the 10-day moving average.
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