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[SMM stainless Steel Futures Review] SS2009 contracts continue to strengthen and rise by nearly 2% in a single day.
Jul 13,2020 19:22CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 13:

[SMM stainless Steel Review]

During the day, the SS2009 contract opened at 13425 yuan / ton. After opening, it rose slightly to 13680 yuan / ton, then fell back slightly to near the daily moving average line. After obtaining support, the whole contract fluctuated in the range of 13600 murals, 13680 yuan / ton, and finally closed at 13665 yuan / ton. Compared with the settlement price of the previous day, the settlement price increased by 260yuan / ton, or 1.94%. The whole day turnover was 27295 lots, and the position increased by 42303. Hands.

Throughout the day, the SS2009 contract closed at Zhongyang column, stood above several moving averages, showed a strong upward trend along the Boll line as a whole, and was close to the May high. At present, there is a more macro trend, and nickel and other non-ferrous metals are rising in varying degrees, and stainless steel futures prices are also strengthening at the same time, but the spot market demand for stainless steel is not good, and the spot price rise is more limited. follow-up attention to the previous decline gap position on the upward pressure of stainless steel.

 

 

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