SMM, 13 April:
[SMM stainless Steel Review]
Today, the stainless steel main contract SS2006 opened at 12395 yuan / ton, after the opening, strong upward, piercing the SS2006 line on the track, up 12695 yuan / ton, the center of gravity around 12600 yuan / ton narrow concussion, until the end of the day, long position reduction, the center of gravity moved down to below the daily average, and finally closed at 12510 yuan / ton, up 55 yuan / ton from the previous day's closing price, up 0.44%, trading volume increased by 11352 hands to 26575 hands. Positions were reduced by 202 to 47695.
SS2006 contract closed today in the small balcony of the upper shadow line, on the shadow line to explore the Boll line on the track, K column as a whole standing above the 40-day moving average, 5 consecutive days to close the sun, showing a ladder upward trend. Today, the SS2006 contract fell back after nearly 12700 yuan / ton, the bulls have a high profit reduction profit trend, follow up to pay attention to the stainless steel contract position increase and decrease and the above 12700 yuan / ton gate pressure.
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