SMM, 10 April:
[SMM stainless Steel Review]
Today, the stainless steel main contract SS2006 opened at 12405 yuan / ton, opening jump less than 12300 yuan / ton, followed by shock back to 12400 yuan / ton line, to 40 days moving average pressure fell back to 12330 yuan / ton. In the afternoon, the long position increased, the SS2006 contract pulled up, rose 12470 yuan / ton, finally closed at 12455 yuan / ton, compared with the previous trading day closing price rose 160 yuan / ton, up 1.3%, trading volume increased 2181 hands to 15223 hands, position increased 471 hands to 47897 hands.
SS2006 contract closed in the small pillar today, closed 4 consecutive days this week, away from the lower 5-day moving average, K-column has explored the 40-day moving average position, follow-up attention to the stainless steel contract can continue to strengthen the situation, stand firm 40-day moving average 12400 yuan / ton level.
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