[brief comment on Tin in SMM] A small amount of decline in the previous period of tin reduction in Shanghai

Published: Jul 4, 2019 17:37

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SMM7 4-month news: Shanghai tin main 1909 contract yesterday night after the opening of 134980 yuan / ton, the beginning of the day quickly rushed to the high point of 135330 yuan / ton, and then until the end of night trading, Shanghai tin overall maintained in the daily average of 134000 yuan / ton shock finishing. After the opening of 134130 yuan / ton in early trading today, it maintained the consolidation trend of night trading, and finally closed at 133580 yuan / ton, up 1080 yuan / ton, or 0.82 per cent. The trading volume was 68016 hands and the position volume was 43704 hands, a decrease of 808 tons. Today, some short positions on the Shanghai tin plate pushed up the Shanghai tin price trend, closing with a positive line, the upper shadow line is longer, located below all EMA, and the support below Shanghai tin is expected to be located at the integer gate of 132000 yuan / ton.

"after the collapse of Shanghai and tin, the metal rose sharply and plummeted, and after the collapse, we need to study the fundamentals calmly.

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