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[brief comment on tin in SMM period] A large number of short sellers fled from Shanghai and tin Changyang rose in the period of Shanghai.
Jul 8,2019 17:05CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 month 8 news: Shanghai tin main 1909 contract last night after the opening of 133900 yuan / ton, the overall maintenance of low consolidation. After the opening of 134000 yuan / ton in early trading this morning, due to a large number of short positions significantly pushed up the Shanghai tin market price trend, as high as 136980 yuan / ton, and then until the close of Shanghai tin maintained at 136500 yuan / ton horizontal finishing, and finally closed at 136580 yuan / ton, up 2580 yuan / ton, up 1.93%. The trading volume was 41076, an increase of 8978. The position was 36700 yuan per ton, a reduction of 4068 hands. Today, due to a large number of short runs, Shanghai Xi Changyang line rose, it is expected that the resistance above Shanghai tin is located at the integer gate of 138000 yuan / ton, if the breakthrough, the downward resistance is near the 10-day moving average of 139000 yuan / ton.

 

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