SMM4, July 7:

[SMM stainless Steel Review]

Today, or due to the impact of macro policy, non-ferrous metals and commodities generally pulled up after the opening of the market, the main stainless steel contract SS2006 opened at 11985 yuan / ton, the opening pulled up to 12000 yuan / ton above the threshold, the center of gravity around the daily average line 12050 yuan / ton narrow shock operation, until 11: 00 hours, short positions make stainless steel contract shock downward, fell below 12000 yuan / ton level, down to the 5-day moving average level to be supported. In the afternoon, the minor uphaul returned to the front line of 12000, fluctuated slightly until the close, and finally closed at 12050 yuan / ton, up 110 yuan / ton, or 0.92%, from the settlement price of the previous trading day. The trading volume increased by 2979 hands to 12582 hands, and the position increased by 882 hands to 45342 hands.

SS2006 contract closed today in the upper shadow line small balcony, break through the 12000 gate, up to 12190 yuan / ton high, K column as a whole standing above the 5 / 10 moving average, temporarily supported by the moving average, follow-up attention can stand 5-day moving average, guard the 12000 level.

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