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Home / Metal News / [brief comment on tin in SMM period] Shanghai tin low pressure wide shock

[brief comment on tin in SMM period] Shanghai tin low pressure wide shock

iconJun 4, 2019 17:19
Source:SMM

SMM6 4-month news: Shanghai tin main 1909 contract last night after the opening of 143210 yuan / ton, a wave band upward, up to 143830 yuan / ton. After opening 143690 yuan / ton in early trading this morning, it quickly fell to an intraday low of 143010 yuan / ton and rose back to the bottom, finally closing at 143330 yuan / ton, up 250 yuan / ton, or 0.17 per cent. The trading volume was 14074, a decrease of 1604. The number of positions was 42362, a decrease of 542. Today, Shanghai tin overall showed a wide concussion trend, with a small positive line closing, on the shadow line to the 5th moving average near. It is estimated that the resistance above the tin in Shanghai is 144500 yuan / ton, and the support below is 142000 yuan / ton.

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