SMM4, March 3:

[SMM stainless Steel Review]

Today, the stainless steel main contract SS2006 opened at 12030 yuan / ton, after the opening of the stainless steel weakened downward, during the day, the upper pressure 11950 yuan / ton line, the lower 11900 yuan / ton support, the overall interval shock operation, finally closed at 11915 yuan / ton, compared with the settlement price of the previous trading day rose 5 yuan / ton, up 0.04%, trading volume decreased 6711 hands to 9604 hands, position volume reduced 1732 hands to 44460 hands.

SS2006 contract closed today in the small negative column, the overall center of gravity shock in the 5 / 10 moving average, the top 12000 level resistance is obvious, the spot market is also weak, it is expected that the SS2006 contract will continue to be weak shock.

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