SMM, 23 Oct:
Trend: Lunxi Electronics opened yesterday at $16820 / tonne, up to $16855 / tonne and as low as $16540 / tonne, closing at $16580 / tonne, down $340 / tonne. A total of 338 hands were sold throughout the day, and 16967 hands were held, a reduction of 125 hands. The stock is 6685 tons, the same as before.
Lunxi electronic disk yesterday after the opening of $16820 / ton, the Asian session overall maintained in the opening price near the horizontal finishing. After the opening of the European market, the initial rise to $16825 / ton after the hindrance of pressure all the way down, the lowest down to $16540 / ton after a small rise, and finally closed at $16580 / ton, showing a negative line, the physical part is near the 10-day, 40-day, 60-day moving average, the lower shadow line is supported by the 20-day moving average, and the support below Lunxi is expected to be near $16500 / ton.
Shanghai tin trend: Shanghai tin main 2001 contract opened last night night 138600 yuan / ton, the highest 138600 yuan / ton, the lowest 137430 yuan / ton, closed 137700 yuan / ton, down 680 yuan / ton. 11708 hands were traded and 40572 hands were held, an increase of 468 hands.
Shanghai main tin 2001 contract last night after the opening of 138600 yuan / ton, affected by the increase of short positions, all the way shock downward, the lowest down to the night low 137430 yuan / ton to maintain a low consolidation, finally closed at 137700 yuan / ton, showing a negative line, the physical part is located near the 5-10 moving average, it is expected that the support below the Shanghai tin moving average is located at 137000 yuan / ton on the 20th.
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