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[SMM stainless Steel Futures Review] the SS2008 contract still shows a weak and fluctuating trend on the first day after five consecutive days of negative closing.
Jul 1,2020 19:29CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

On the 1st of SMM7,

[SMM stainless Steel Review]

SS2008 contract night trading opened at 13140 yuan / ton, after the opening, concussion down to 13100 yuan / ton near the gate, the focus of a small upward revision around 13115 yuan / ton narrow shock, and finally closed at 13105 yuan / ton. Today, opened at 13105 yuan / ton, the overall night market trend continued during the day, the center of gravity around 13120 yuan / ton line narrow shock. In late trading, the stainless steel contract rose slightly to close at 13155 yuan / ton, up 40 yuan / ton, or 0.30%, over the previous day's settlement price. The whole day's trading volume was 8112 lots, and the position decreased by 1846 lots to 13673 lots. Throughout the day, the SS2008 contract closed at Xiaoyangzhu and closed on the first day after receiving the overcast for 5 consecutive days, but the overall trend was still weak, the lower 40-day moving average was supported, the center of gravity was arranged near the 5-day moving average, and the follow-up attention was paid to the concussion trend of the 5 / 40-day moving average of contract 2008.

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