Home / Metal News / Nickel / [SMM stainless Steel Futures Review] SS2009 contract and Shanghai Nickel contract synchronously pull the bulls to increase their positions and lead them to break through the 13400 yuan / ton mark.
[SMM stainless Steel Futures Review] SS2009 contract and Shanghai Nickel contract synchronously pull the bulls to increase their positions and lead them to break through the 13400 yuan / ton mark.
Jul 6,2020 18:21CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, July 6th,

[SMM stainless steel futures review] the SS2009 contract opened at 13310 yuan / ton today. At the beginning of the session, the first line of 13300 yuan / ton was under pressure and slightly fluctuated. At 10: 00, stainless steel and Shanghai nickel contract rose synchronously. Under the guidance of bullish positions, the stainless steel contract broke through the 13400 yuan / ton mark and reached 13430 yuan / ton. In the afternoon, the first line fluctuated down from 13400 yuan / ton, almost all the gains before noon, returned to the daily average of 13300 yuan / ton, and finally closed at 13325 yuan / ton, down 10 yuan / ton, or 0.07%, from the settlement price of the previous day. The whole-day trading volume was 24594 lots, and the position increased by 2179 lots to 34276 lots. Throughout the day, the SS2009 contract closed at the small negative column, stood above the multi-heel moving average, and fluctuated along the track on the SS2008 line as a whole, followed by the first line support of 13300 yuan / ton under the Boll contract.

For more information, please subscribe to SMM Nickel Research Group products "China Ni-Cr stainless Steel Industry chain routine report" and "China Ni-Cr stainless Steel Industry chain High-end report" to get the latest data analysis and market analysis of nickel ore, nickel pig iron (China + Indonesia), electrolytic nickel, nickel sulfate, chromium ore, ferrochrome and stainless steel (China + Indonesia). For order and trial, please call 021 tel 5166 6817 QQ: 2880 505562, contact: Li Chuntian]

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

SMM Review
Daily Review
Futures Review
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