SMM4, 8 March:
Trend: Lunxi electronic market yesterday opened at $14400 / tonne, as high as $14895 / tonne, as low as $14400 / tonne, closing at $14730 / tonne, up $380 / tonne. 357 hands were traded throughout the day, and 17849 hands were held, an increase of 215 hands. Inventory was 7400 tons, 75 tons less than in the previous period. Lunxi electronic plate yesterday after the opening of $14400 / ton, the Asian plate at the beginning of the rapid rise to $14650 / ton after the pressure fell back to the opening price near the horizontal finishing. After the opening of the European market, at the beginning of the day quickly rushed up to a daily high of $14895 / ton after a decline, the end of the session rose again, and finally closed at $14730 / ton, showing a long Yang line, the physical part below the 20-day moving average, the bottom is supported by the 5-day moving average, and the resistance above Lunxi is expected to be near the integer level of $15000 / ton.