Home / Metal News / Nickel / [SMM stainless Steel Futures Review] the SS2009 contract closed for 3 days and showed a pullback trend at the end of the day.
[SMM stainless Steel Futures Review] the SS2009 contract closed for 3 days and showed a pullback trend at the end of the day.
Jul 22,2020 17:03CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

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.

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