[SMM Tin Morning News] overnight, the center of gravity of Lunxi high level oscillation moves up slightly.

SMM4, 21 March:

Trend: Lunxi electronic market yesterday opened at $15195 / tonne, as high as $15400 / tonne, as low as $15100 / tonne, closed at $15230 / tonne, up 193 dollars / tonne. 193 hands were sold throughout the day, and 17530 hands were held, an increase of 191 hands. Inventory of 6590 tons, flat compared with the previous period. Lunxi electronic market yesterday after the opening of $15195 / ton, initially affected by the domestic Shanghai tin rise factors quickly rushed up to a daily high of $15400 / ton after falling back under pressure and all the way down to a intraday low of $15100 / ton. At the end of the day, it rebounded and closed at $15230 / ton, showing a small positive line, with the physical part near the 5-day moving average and the upper shadow line near the 40-day moving average. the resistance above Lunxi is expected to be near the previous high of $15700 / tonne, and the lower support is near the integer level of $15000 / tonne.