SMM, 16 April:

[SMM stainless Steel Review]

Today, the stainless steel SS2006 contract opened at 12845 yuan / ton, during the day, the stainless steel SS2006 contract above the pressure 12800 yuan / ton line, the center of gravity as a whole around the daily average 12760 yuan / ton narrow shock operation, until 14: 30, the SS2006 contract slightly down to 12680 yuan / ton 5 moving near the moving average, the center of gravity moved down to 12700 yuan / ton line, and finally closed at 12695 yuan / ton, down 165 yuan / ton from the closing price of the previous trading day. It fell 1.28%, trading volume decreased by 9997 hands to 30144 hands, and position decreased by 51 hands to 46883 hands.

SS2006 contract closed today in the small negative column, the top 12800 yuan / ton line facing resistance, the lower 5-day moving average temporarily supported, the overall operation in the 12700-12800 yuan / ton range, the stainless steel contract to explore the high level, the upward force weakened, follow-up attention to the long profit departure and short position pressure under the dual pressure or make the stainless steel contract a small pullback.

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