SMM, 29 Oct:
Trend: Lunxi Electronics opened yesterday at $16815 / tonne, up $16925 / tonne and as low as $16660 / tonne, closing at $16720 / tonne, up $45 / tonne. 229 hands were traded throughout the day, and 17092 hands were held, an increase of 133 hands. The stock is 6590 tons, the same as before.
After the opening of US $16815 / ton yesterday, the Asian session to the opening of the European market was generally maintained in the horizontal arrangement near the opening price, and then Lunxi showed a trend of rising and falling, quickly rising to a daily high of US $16925 / ton and then falling back under pressure, and finally closing at US $16720 / ton, showing a negative line, and the physical part was near the 5-day moving average or 40-day moving average. The lowest down to a low of US $16660 / ton, it finally closed at US $16720 / ton, showing a negative line, and the physical part was near the 5-day moving average or 40-day moving average. The top is suppressed by the 10-day moving average, the lower shadow line received 20, 60 day moving average support, Lunxi below the support is expected to be near the 20-day moving average of $16600 / ton.
Shanghai tin trend: Shanghai tin 2001 opened last night night 139110 yuan / ton, the highest 139400 yuan / ton, the lowest 138690 yuan / ton, closed 138830 yuan / ton, down 190 yuan / ton. 7510 hands were traded, 41378 hands were held, and 204 hands were increased.
Shanghai main tin 2001 contract last night after the opening of 139110 yuan / ton, the beginning of the session quickly fell to last night's low of 138690 yuan / ton, and then until the night close Shanghai tin overall maintained at 138900 yuan / ton below the daily moving average near shock finishing, finally closed at 138830 yuan / ton, a small negative line, the bottom is supported by the 10-day moving average. Shanghai tin center of gravity fell slightly last night, short-term attention to Shanghai tin will rise again, Shanghai tin support is expected to be around the 20-day moving average of 137500 yuan / ton, the upper resistance at the integer level of 140000 yuan / ton.
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