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[SMM stainless steel futures review] the minimum drop of the 5-day average above the SS2007 contract is nearly 13000 yuan / ton.
May 27,2020 17:50CST
The content below was translated by Tencent automatically for reference.

SMM May 27th: [SMM stainless Steel Review] SS2007 contract night opened at 13260 yuan / ton, the overall trend is relatively stable at night, the center of gravity around 13200 / ton line narrow shock, and finally closed at 13220 yuan / ton. The morning trading opened at 13190 yuan / ton, and the night trend continued at the beginning of the day. The center of gravity fluctuated horizontally around 13180 yuan / ton in the middle of the Boll line, with a pressure of 13200 yuan / ton above. Close to the lunch break, slightly down around 13150 yuan / ton. It immediately fell sharply in the afternoon, falling to 13000 yuan / ton, then stabilized around 13050 yuan / ton, and then stabilized around the narrow range of 13050 yuan / ton. Until 3 minutes before the close, it quickly pulled back 13100 yuan / ton, and finally closed at 13140 yuan / ton. Compared with the previous trading day, the settlement price fell 110yuan / ton, or 0.83%. The whole-day trading volume decreased by 3820 to 22203, and the position decreased by 7500 to 15822. Throughout the day, the SS2007 contract closed at the small negative column, above the pressure 5-day moving average, gradually falling below the 20-day moving average, the overall center of gravity around the Boll line in the middle of the orbit, but gradually weakened in the afternoon. SS2007 contract above the pressure friendship, the trend is gradually weakening, follow-up attention to the support of the lower 13000 gate.

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