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[brief Review of Tin in SMM] short positions reduced in Shanghai and tin rose in late trading
Apr 3,2020 18:10CST
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Source:SMM
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SMM, 3 April:

Shanghai tin main force 2006 contract this morning 118550 yuan / ton after the opening, Shanghai tin overall maintained at 119700 yuan / ton shock finishing. In late trading, affected by the reduction of short positions, it rose rapidly, and finally closed at 120580 yuan / ton, up 610 yuan / ton, up 0.51%, trading volume 44281 hands, position 34316 hands, down 1547 hands. Today, Shanghai tin closed at the positive line, the physical part is located near the 5-day moving average, and the resistance above Shanghai tin is expected to be near the integer gate of 122000 yuan / ton.

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