SMM, 13 April:

Shanghai tin main force 2006 contract opened 127000 yuan / ton early today, affected by short positions in Shanghai tin center of gravity upward, climbing to a daily high of 128730 yuan / ton. Subsequently, the long reduction in Shanghai tin pressure fell back, and finally closed at 126990 yuan / ton, up 580 yuan / ton, up 0.46%, trading volume 34521 hands, position 35201 hands, down 1237 hands. Today, Shanghai tin closed at the cross star line, located near the 40-day moving average. It is expected that the resistance above the tin in Shanghai period is near the integer level of 130000 yuan / ton, and the lower support is near the 5-day moving average of 124000 yuan / ton.

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