SMM, 8 May:
[SMM stainless Steel Review]
SS2007 contract night open at 13240 yuan / ton, after the opening, all the way weak, shock downward, to 13100 yuan / ton line, get support, the center of gravity around 13140 yuan / ton line narrow fluctuations, and finally closed at 13120 yuan / ton.
In daily trading, the stainless steel SS2007 contract opened at 13125 yuan / ton in early trading. After the opening, it rose slightly to 13200 yuan / ton, and then came back to the opening price. At about 10:45, it fell down again, and then around the 5-day moving average. After obtaining support, it rose slightly, to near the daily average, and finally closed at 13190 yuan / ton. Compared with the closing price of the previous trading day, the price rose 70 yuan / ton, up 0.53%, and the trading volume increased by 3329 hands to 10642 hands. Position increased by 87 hands to 48239 hands.
Throughout the day, the SS2007 contract closed in the small Yin column, the overall range of 13100-13200 yuan / ton shock operation. K-pillar as a whole stands above the 5-day moving average, and the upper bearing pressure of 13200 yuan / ton is temporarily facing uplink resistance. Follow-up attention will be paid to whether the stainless steel contract can break through the first line of 13200 yuan / ton.
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