ASG, 3 Dec:

SS2002, the main contract for stainless steel futures, opened at 14035 yuan / ton in early trading this morning. Before noon, the center of gravity of stainless steel fluctuated around the range of 14020 yuan / ton, the upper pressure was 14040 yuan / ton, and the bottom was supported by the daily average. In the afternoon, the center of gravity rose slightly to 14030 yuan / ton, the narrow amplitude fluctuated, and the amplitude was only 20 yuan / ton. Near the close, short a small reduction in positions, closed at 14020 yuan / ton. Daily line technology KDJ has signs of convergence, MACD green column becomes shorter, stainless steel throughout the day interval shock, the center of gravity slightly raised, hold the Wan Si pass, but the top is still under pressure 5-day moving average, there is no obvious stop signal, if the nickel price at night to maintain a stable operation, if the nickel price down, will further drag down the stainless steel price.