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[SMM stainless Steel Review] stainless Steel contract continues to lower K column completely below 5-day moving average
May 15,2020 20:41CST
The content below was translated by Tencent automatically for reference.

SMM, 15 May:

[SMM stainless Steel Review]

SS2007 contract night open at 13390 yuan / ton, the night as a whole in 13300-13400 yuan / ton range shock, and finally closed at 13350 yuan / ton.

Stainless steel SS2007 contract opened at 13390 yuan / ton, broke through the 13400 yuan / ton mark after the opening, then fluctuated and fell, to 13300 yuan / ton first-line support after a small upward repair, to the opening price near the pressure to fall back, still running in the night shock range, the final close at 13340 yuan / ton, compared with the settlement price of the previous trading day down 60 yuan / ton, down 0.45%, the daily trading volume decreased by 981 hands to 19237 hands, position increased by 765 hands to 54526 hands.

Throughout the day, the SS2007 contract closed in the small negative column, completely below the 5-day moving average, close to the 10-day moving average below, and the k-column runs in the 5 / 10 moving average range as a whole, paying attention to the support of the 10-day moving average below the late stage.

Today is the last trading day of the SS2005 contract, the SS2005 contract is open at 13375 yuan / ton, the position is 204hand, the transaction volume is 48 hands, the actual delivery volume is 1020 tons, the settlement price is 13355 yuan / ton.

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