ASG, 26 November:

SS2002, the main contract for stainless steel futures, opened at 14505 yuan / ton in early trading this morning. Before noon, SS fluctuated in a narrow range around the center of gravity of 14520 yuan / ton, with an amplitude of 30 yuan / ton. In the afternoon, dragged down by the fall in nickel prices, the bulls have reduced positions and left the market, SS almost plummeted, bottomed out 14355 yuan / ton, long short closed positions, SS stopped falling shock upward, bearing pressure of 14330 yuan / ton. Near the close, short positions reduced to leave the market, closed at 14530 yuan / ton. Compared with the previous settlement day, it was down 165 yuan / ton, or 1.14%. A daily transaction of 9872 hands, an increase of 1802 hands, holding 15376 hands, minus 1486 hands, closed in the pubic column. Daily technology KDJ has signs of convergence, intraday stainless steel prices are mainly dragged down by nickel prices, falling below the 5-day moving average, giving up nearly 2 days of gains, mainly long positions, short cautious, pay attention to the nickel market fluctuations in the nickel market in the evening to guide the price of stainless steel.