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[brief comment on tin in SMM period] the decline of tin Changyin during the period of short position increase in Shanghai
Jun 28,2019 17:05CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM6 28-month news: Shanghai tin main 1909 contract last night after the opening of 143890 yuan / ton, fell to 148600 yuan / ton at the beginning of the day, and then until the close of Shanghai tin overall around the daily average of 143650 yuan / ton shock finishing. After the opening of 143710 yuan / ton this morning, the market maintained a wide range of 143400 to 143700 yuan / ton at the beginning of trading. Short positions increased in the afternoon, Shanghai tin quickly fell to an intraday low of 143060 yuan / ton, and finally closed at 143110 yuan / ton, down 580yuan / ton, down 0.40 per cent. The trading volume was 11304, an increase of 66. The position was 43800 hands, an increase of 454hands. Today, due to the fall of tin Changyin in Shanghai, the physical part is located near the 5-10 EMA, and the support below Shanghai tin is expected to be located at the integer gate of 143000 yuan / ton.

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