SMM4, March 2:
[SMM stainless Steel Review]
Today, the Shanghai nickel main contract fell below the 90, 000 mark, and then explored a new low of 89550 yuan / ton, Shanghai nickel low high walk, stainless steel 2006 contract trend is similar.
The stainless steel main contract SS2006 opened at 11935 yuan / ton, after the opening, the shock fell by 11825 yuan / ton, and then recovered slightly near the daily average. after a brief shock, the SS2006 contract pulled up under the guidance of the reduction of short positions and returned to 11900 yuan / ton. the center of gravity fluctuated slightly in the range of the 5 / 10 moving average, and finally closed at 11955 yuan / ton, down 40 yuan / ton from the settlement price of the previous trading day, down 0.33%. Trading volume increased by 3917 hands to 16315 hands. Positions were reduced by 1733 to 46192.
SS2006 contract closed today in the lower shadow line small balcony, the upper 12000 gate is still facing strong resistance, explore the recovery of the K column center of gravity after the overall operation of the 10-day moving average, follow-up attention to the SS2006 contract 11900 yuan / ton near the shock.
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