SMM4, 10 March:

Trend: Lunxi electronic market yesterday opened at $14520 / tonne, as high as $15120 / tonne, as low as $14520 / tonne, closing at $14950 / tonne, up $490 / tonne. A total of 396 hands were sold throughout the day, and 17599 hands were held, a decrease of 342hands. Inventory was 7245 tons, down 115 tons from the previous period. After the opening of the electronic plate of $14520 / ton yesterday, the Asian session was generally maintained in the vicinity of the opening price. After the opening of the European market, Lunxi generally showed a sharp upward trend, climbing to a daily high of $15120 / ton, and finally closed at $14950 / ton, showing a positive line. The physical part was supported by the 5-day moving average, and Lunxi short-term tested the resistance level near the integer level of $15000 / ton. If broken, the next resistance is near the 40-day moving average of $15500 per tonne.