[SMM tin morning news] overnight tin center of gravity moves up

SMM4, July 7:

Trend: Lunxi electronic market yesterday opened at $14200 / tonne, as high as $14350 / tonne, as low as $14140 / tonne, closing at $14350 / tonne, up $225 / tonne. A total of 198 hands were traded throughout the day, and 17634 hands were held, a decrease of 74 hands. Inventory was 7475 tons, down 115 tons from the previous period. Lunxi electronic plate yesterday after the opening of $14200 / ton, the Asian market at the beginning of the rapid decline to a day low of $14140 / ton after hitting the bottom of the shock up. After the opening of the European market, the market continued to rise at the beginning of the day, and then maintained a shock around the daily average of $14250 / ton, and rose again at the end of the day. Finally, it closed at $14350 / ton, showing a small positive line. The top part of the entity is under pressure on the 5-day moving average, and the bottom is supported by the 10-day moving average. Resistance above Lunxi is expected to be near the 20-day moving average of $14600 per tonne.