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[SMM stainless Steel Futures Review] for three consecutive days in SS2009 contracts, non-ferrous metals generally weakened and declined.
Jul 16,2020 17:42CST
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SMM July 16, [SMM stainless steel futures review] SS2009 contract night trading opened at 13555 yuan / ton, after the opening, the decline fell to 13380 yuan / ton first line, and then pulled back to a narrow range near the daily moving average line, and finally closed at 13470 yuan / ton. Today, open at 13460 yuan / ton, at the beginning of the day, continue the trend of the night market, the upper pressure 10-day moving average, the center of gravity around the daily moving average slightly fluctuate; In the afternoon, under the influence of the general weakening of non-ferrous metals, the SS2009 contract fell below the 13400 yuan / ton mark to 13340 yuan / ton. in late trading, it was slightly revised up, and finally closed at 13405 yuan / ton, down 205 yuan / ton, or 1.51%, from the previous day's settlement price. the whole-day trading volume was 27396 lots, and the position decreased by 893 lots to 41958 lots. Throughout the day, the SS2009 contract closed at the small negative column, the K-column fell below the 5 / 10 moving average, and the SS2009 contract closed negative for three consecutive days, which has fallen below all the gains on Monday. Follow-up attention will be paid to whether the SS2009 contract can be supported by the 10-day moving average and hold the 13400 yuan / ton mark.

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