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[SMM stainless steel review] stainless steel futures price continues to be weak, the main contract is replaced by the SS2007 contract.
Apr 29,2020 20:21CST
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Source:SMM
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SMM, 29 April:

[SMM stainless Steel Review]

Today, the SS2006 contract opened at 12885 yuan / ton, at the beginning of the day, the SS2006 contract above the pressure of 13000 yuan / ton pass, the whole in the daily moving average above the narrow amplitude concussion operation. At 10: 30, the SS2006 contract fell sharply, falling to 12800 yuan / tonne, with a midday break of 12770 yuan / tonne. In the afternoon, SS 2006 fluctuated in front-line trading of 12800 yuan / ton until the close, and finally closed at 12820 yuan / ton, down 10 yuan / ton, or 0.08%, from the settlement price of the previous trading day. The trading volume was reduced by 6992 hands to 9693 hands, and the position was reduced by 4415 hands to 11409 hands.

SS2006 contract closed today in the small negative column, the top 5 / 10 moving average under pressure, below 12800 yuan / ton line is temporarily supported, late concern about whether the SS2006 contract continues to weaken, pay attention to 12800 yuan / ton level support.

Today, SS2007 contract turnover of 11960 hands, position volume of 38389 hands, have exceeded the SS2006 contract, become the main contract.

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