[brief comment on tin in SMM period] short position increase in Shanghai period tin bearing pressure down

Published: Jun 24, 2019 17:23 (GMT+8)

SMM6 24-month news: Shanghai tin main 1909 contract Friday night trading 144110 yuan / ton after the opening, the beginning of the market quickly fell to 143720 yuan / ton after the maintenance of low consolidation. Subsequently, the recovery of tin bottom in Shanghai was as high as 144350 yuan / ton, and then it fell back to 144000 yuan / ton. After the opening of 143880 yuan / ton in early trading this morning, it generally showed a downward trend of wave bands, recovering slightly at the end of trading, and finally closing at 143380 yuan / ton, down 920 yuan / ton, down 0.64 per cent. The trading volume was 12328, an increase of 1636. The position was 42584 hands, an increase of 1052 hands. Today, as a result of the short position increased Shanghai tin overall downward trend, to the negative line closing, the physical part is located near the 5-day moving average, the shadow line to the 20-day moving average near. It is estimated that the lower support of Shanghai tin is located near the integer gate of 143000 yuan / ton, and the upper resistance is near the 10-day moving average of 144500 yuan / ton.

"Click to view SMM historical price data

 

"Click to sign up for SMM Tin Industry chain Summit

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Institutions: iPhone 18 Pro series first-week sales in China up 12% YoY
Sep 30, 2026 18:09 (GMT+8)
Institutions: iPhone 18 Pro series first-week sales in China up 12% YoY
Read More
Institutions: iPhone 18 Pro series first-week sales in China up 12% YoY
Institutions: iPhone 18 Pro series first-week sales in China up 12% YoY
According to Counterpoint Research's China Smartphone Weekly Sales Tracker, China's weekly smartphone sales have maintained a double-digit YoY decline since July. Affected by rising storage costs, consumer demand remains weak, but with the arrival of the September new product launch cycle, the market is expected to see a MoM recovery. Sales of the iPhone 18 Pro series in its first three days of availability (accounting for only three days of Week 38) were up 12% YoY compared with the first-week sales of the iPhone 17 Pro series. Driven by this strong start, Apple topped the weekly sales chart in Week 38, capturing a 33% share of China's smartphone market.
Sep 30, 2026 18:09 (GMT+8)
AI Server Growth Demand Supports Q4 Memory Contract Price Uptrend; Consumer-Side Pressure Persists
Sep 30, 2026 18:08 (GMT+8)
AI Server Growth Demand Supports Q4 Memory Contract Price Uptrend; Consumer-Side Pressure Persists
Read More
AI Server Growth Demand Supports Q4 Memory Contract Price Uptrend; Consumer-Side Pressure Persists
AI Server Growth Demand Supports Q4 Memory Contract Price Uptrend; Consumer-Side Pressure Persists
According to TrendForce's latest memory industry research, in Q4 2026, DRAM manufacturers will continue to allocate advanced process capacity to high-performance products for server applications, maintaining an overall undersupply situation. However, the contract price uptrend is slowing down, with Conventional DRAM expected to increase by 10%–15% QoQ. The NAND Flash market is showing a dual-track development of AI acceleration and low consumer demand that nonetheless drives price increases, with overall contract prices expected to rise by 15%–20% QoQ.
Sep 30, 2026 18:08 (GMT+8)
Kimi K3 Integrates with OpenAI Codex, Becoming First Chinese Model in OpenAI's Enterprise Payment System
Sep 30, 2026 18:06 (GMT+8)
Kimi K3 Integrates with OpenAI Codex, Becoming First Chinese Model in OpenAI's Enterprise Payment System
Read More
Kimi K3 Integrates with OpenAI Codex, Becoming First Chinese Model in OpenAI's Enterprise Payment System
Kimi K3 Integrates with OpenAI Codex, Becoming First Chinese Model in OpenAI's Enterprise Payment System
Kimi has made another advance in markets outside China. US AI infrastructure company Baseten announced that enterprise users can now use Kimi K3 within OpenAI's coding tool Codex, with related usage fees billed directly against enterprises' existing OpenAI procurement commitment quotas, eliminating the need for new supplier procurement processes. This means Kimi K3 has entered the mainstream paid settlement channel for OpenAI's enterprise clients, and it is also the first time a Chinese open-source model has entered this enterprise procurement system.
Sep 30, 2026 18:06 (GMT+8)