Home / Metal News / Nickel / [SMM stainless Steel Review] SS2007 futures contracts rose sharply by more than 3 per cent, followed by a small increase in spot prices.
[SMM stainless Steel Review] SS2007 futures contracts rose sharply by more than 3 per cent, followed by a small increase in spot prices.
May 6,2020 18:10CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

[SMM stainless Steel Review]

SMM5 June 6: today, the SS2007 contract opened at 12840 yuan / ton, at the beginning of the day, the top pressure 5, the center of gravity in the opening price near the horizontal concussion operation, 10: 00 hours, the long position, stainless steel contract rose through the 13000 yuan / ton barrier, with 13000-13100 yuan / ton interval shock operation, until 14: 00 in the afternoon, the SS2007 contract pulled up to 13200 yuan / ton again, and then fluctuated to the close. It closed at 13215 yuan / ton, up 410 yuan / ton, or 3.2%, from the previous trading day. Trading volume increased by 14586 hands to 23320 hands, and positions increased by 4338 hands to 44123 hands.

SS2007 contract closed today in the long Yangzhu, breaking through the 5 / 10 moving average of 12900 yuan / ton line, the long position led by a continuous rise, back to the previous 13200 yuan / ton line. In the later stage, we pay attention to the profit-making operation of the investors after the stainless steel contract rises, and beware of the fall of the high level.

Spot, today in futures contracts and steel factory orders up under the joint promotion, the market quotation up 100-200 yuan / ton, according to the market report, after the price increase, the current transaction is still OK.

 

[for more information, please subscribe to SMM Nickel Research Group products "China Nickel Chromium stainless Steel Industry chain General report" and "China Nickel Chrome stainless Steel Industry chain High end report" to obtain the latest nickel mine, nickel pig iron (China + Indonesia), electrolytic nickel, nickel sulfate, chromium ore, ferrochromium, stainless steel (China + Indonesia) related data analysis and market analysis! For ordering and trial reading, please call 021-5166 6817 QQ: 2880505562, contact: Li Chuntian]

     
 (上海有 色 网  李春田 TEL:021-5166 6817 QQ :2880505562)

SMM Review
Daily Review
Market brief Review
stainless Steel Review
Futures
stainless Steel Review
trend Forecast

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn