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[brief comment on Tin in SMM] Shanghai Tin maintains low Stability
Jun 5,2019 17:52CST
The content below was translated by Tencent automatically for reference.

SMM6 5-month news: Shanghai tin main 1909 contract last night after the opening of 143270 yuan / ton, the overall maintenance of horizontal consolidation situation, the highest up to 143610 yuan / ton after falling back again. After the opening of 143360 yuan / ton in early trading this morning, the market fell to an intraday low of 142900 yuan / ton at the beginning of the day, and maintained a low consolidation trend at the beginning of the day. At the end of the day, it rebounded and returned to the opening price near the opening price last night. Finally, it closed at 143300 yuan / ton, down 30 yuan / ton. It was down 0.02%. The trading volume was 10030, a decrease of 4044. The number of positions was 43004, an increase of 642. Today, Shanghai tin overall maintained low consolidation, closing with the cross line, located near the 5-day moving average. It is estimated that the lower support of tin in Shanghai will be around 142000 yuan / ton, and the upper resistance will be around 144500 yuan / ton.

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