[brief comment on Tin in SMM] Tin in Shanghai has been stable for five consecutive trading days.

Published: Jun 6, 2019 18:06

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SMM6 month 6 news: Shanghai tin main 1909 contract last night after the opening of 143300 yuan / ton, the initial rush to 143700 yuan / ton, and then until the closing of night trading, Shanghai tin all the way down a small shock. This morning after the opening of 143150 yuan / ton to maintain the overall concussion situation, the lowest down to 142970 yuan / ton after a rapid rebound, in late trading returned to the opening price near, and finally closed at 143300 yuan / ton, up or down 0. The trading volume was 11242, an increase of 1212. The position is 42760 hands, a reduction of 244hands. Today, Shanghai tin continued to maintain a low consolidation trend, closed with a cross line, located near the 5-day moving average, is expected to support 142000 yuan / ton below Shanghai tin, and the upper resistance is around 144500 yuan / ton.

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