ASG news: Wednesday stainless steel main 2002 contract shock downward, the highest in the day 14380, the lowest 14185, closing 14220, down 1.04% from the closing price of the previous trading day; trading volume 14148, 4276; position 15830, 454. Base difference 1230, base 150; SS02-05 price difference 85,-25.

Market focus: (1) New home sales in the United States fell at an annualized rate of 0.7 per cent last month, lower than the 0.8 per cent growth previously expected; the American Chamber of Commerce consumer confidence index fell to 125.5 this month, up from 125.9, expected to 126.8 (2) due to current environmental regulations, the lack of investors in the Silangan mining project in the Philippines has been forced to delay. The project, worth US $750 million, is the largest mineral investment project in the Philippines. (3) the United States will issue an anti-dumping duty and countervailing duty order for the final determination of double anti-industrial damage to China-related reusable stainless steel beer barrels.