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.
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