ASG, 28 November:

SS2002, the main contract for stainless steel futures, opened at 14175 yuan / ton in early trading this morning. At the beginning of the session, SS around the daily average for a short period of time after consolidation, more flat into, SS fell to the lowest level since entering the market 14100 yuan / ton after a small rise, the top is still under pressure daily average line, the bottom 14150 yuan / ton support, the center of gravity around 14165 yuan / ton narrow fluctuation, amplitude 30 yuan / ton and continue into the afternoon. Near the close, long short to leave the market, closed at 14110 yuan / ton. Compared with the previous settlement day, it was down 160 yuan / ton, or 1.12%. The whole day closed 10662 hands, minus 3486 hands, holding 17162 hands, an increase of 1332 hands, closed in the pubic column. Day line technology KDJ closed mouth down, intraday stainless steel prices fell to the lowest level since entering the market, the center of gravity moved down to 14150 yuan / ton, short positions increased pressure for two consecutive days, the new pressure level formed today is yesterday's bottom support level. Short-term price consolidation is expected to be weak.