SMM, 10 April:

After the Shanghai tin main force 2006 contract opened today, affected by the sharp rise in Lunxi overnight, the bulls increased their positions in Shanghai tin rapidly, and then the center of gravity remained in the vicinity of the daily average line of 125500 yuan / ton. at the end of the day, the bulls increased their positions again, Shanghai tin rose to a daily high of 126750 yuan / ton, and finally closed at 126410 yuan / ton, up 3710 yuan / ton, up 3.0%, trading volume 37777 hands. The number of positions held was 36438, an increase of 1062. Shanghai tin closed today with the Changyang line, the physical part of the bottom by the 5-day moving average support, Shanghai tin resistance is expected to be around the 40-day moving average of 127000 yuan / ton.

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