Home / Metal News / Tin / [brief comment on tin in SMM] led by short positions, the tin market in Shanghai fell by nearly 3000 yuan per ton.
[brief comment on tin in SMM] led by short positions, the tin market in Shanghai fell by nearly 3000 yuan per ton.
Jul 11,2019 17:08CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 month 11 news: Shanghai tin main 1909 contract last night after the opening of 136000 yuan / ton, the overall maintenance of the consolidation situation. After the opening of 136130 yuan / ton in early trading this morning, the consolidation trend continued at the beginning of the day, but then due to short entry and long closing positions, the pressure on the tin plate in Shanghai fell sharply, falling as low as 132840 yuan / ton in the day. In late trading, some short positions took profits, and tin rose in Shanghai to close at 133680 yuan per ton, down 2880 yuan per ton, or 2.11 per cent. The trading volume was 37932, an increase of 16576. The position was reduced by 33726 hands. Today, Shanghai tin is mainly affected by short Changyin line fell, the lower support is expected to be in the vicinity of 132000 yuan / ton.

"after the collapse of Shanghai and tin, the metal rose sharply and plummeted, and after the collapse, we need to study the fundamentals calmly.

"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