Home / Metal News / Tin / [brief comment on tin in SMM period] the short position leaves the Shanghai period tin concussion upward
[brief comment on tin in SMM period] the short position leaves the Shanghai period tin concussion upward
Jun 20,2019 17:34CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM6 20 month news: Shanghai tin main 1909 contract last night after the opening of 143540 yuan / ton, the overall upward trend of shock. After opening 144010 yuan / ton in early trading this morning, it fell slightly to 143780 yuan / ton at the beginning of the day, continuing the upward trend of concussion last night, and finally closed at 144100 yuan / ton, up 50 yuan / ton, or 0.03 per cent. The trading volume was 8758, a decrease of 5536. The number of positions was 41580, a reduction of 298. Today, Shanghai tin overall shows a concussion upward trend, with the positive line closing, and the upper part is suppressed by the 5-20 EMA. It is expected that the lower support of Shanghai tin will be located at the high point of the previous platform of 143500 yuan / ton, and the upper resistance will be located at the 5-20 EMA of 144400 yuan / ton.

"Click to view SMM historical price data

 

"Click to sign up for SMM Tin Industry chain Summit

 

A brief review of tin

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn