[SMM Tin Morning News] overnight, the center of gravity of Lunxi moves up slightly.

Published: Apr 1, 2020 09:16

SMM4, January 1:

Trend: Lunxi electronic market yesterday opened at $14500 / tonne, as high as $14680 / tonne, as low as $14150 / tonne, closed at $14535 / tonne, up $135 / tonne. 466 hands were traded throughout the day, and 17957 hands were held, an increase of 122 hands. Stocks were 6245 tons, 170 tons less than in the previous period. Lunxi electronic plate yesterday after the opening of $14500 / ton, the Asian session to the European session early Lunxi fell to a day low of $14150 / ton after hitting the bottom and all the way up to the intraday high of $14680 / ton. At the end of the session, it fell slightly, and finally closed at US $14535 / ton, showing a small positive line, and the lower shadow line went near the 5-day moving average. Resistance above Lunxi is expected to be near the integer level of $15000 / tonne.

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