SMM July 22nd, [SMM stainless steel review] SS2009 contract night market opened at 13505 yuan / ton, after the opening, the overall center of gravity around 13600 yuan / ton line narrow shock. At the end of the day, the stainless steel contract rose to 13690 yuan / ton, and finally closed at 13640 yuan / ton. During the day, it opened at 13640 yuan / ton. at the beginning of the session, bulls increased their positions, rising to 13695 yuan / ton, and then fell back to around the daily moving average line of 13610 yuan / ton, fluctuating slightly around the daily moving average line as a whole. At around 14:20, the stainless steel contract concussion fell to 13520 yuan / ton, supported by the 10-day moving average. Finally, it closed at 13560 yuan / ton, an increase of 80 yuan / ton, or 0.59%, over the settlement price of the previous day. The daily trading volume was 25764 lots, and the position decreased by 2167 lots to 38533 lots. Throughout the day, the SS2009 contract closed at the small Yangzhu, the K-column as a whole stood above the 5 / 10 moving average, closed for 3 consecutive days, showing a step-by-step upward trend, but there was a pullback trend at the end of the day, and the follow-up attention was paid to the support of the 5-day moving average below.
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