ASG, 6 Dec:

SS2002, the main contract for stainless steel futures, opened at 13935 yuan / ton in early trading this morning. At the beginning of the day, boosted by nickel prices, short a small reduction in positions, SS shock uplink 13995 yuan / ton, failed to break through the four levels, more flat into, SS shock lower, the bottom 13895 yuan / ton support, the center of gravity around 13905 yuan / ton narrow fluctuation, amplitude only 25 yuan / ton. In the afternoon, continued to be boosted by higher nickel prices, more empty, the center of gravity gradually rose to 13955 yuan / ton, closed at 13950 yuan / ton. It was up 120 yuan / ton, or 0.87%, from the previous day of settlement. A total of 17792 hands were traded throughout the day, an increase of 100 hands, a position of 20898 hands and a decrease of 166 hands, closing in the balcony. Day technical line KDJ closed adhesion, stainless steel center of gravity moved down for two weeks in a row, today's center of gravity moved up slightly, the whole day to short position reduction, nickel price rebound, short-term loss of confidence, dare not hastily increase position pressure, short-term stainless steel price will still be dominated by nickel price.