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[SMM Tin Morning News] overnight Lunxi pressure drop Center of Gravity moves down
Apr 16,2020 09:24CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM4, 16 March:

Trend: Lunxi electronic market yesterday opened at $15425 / tonne, as high as $15428 / tonne, as low as $14885 / tonne, closed at $15130 / tonne, down $330 / tonne. A total of 407 hands were traded throughout the day, and 17849 hands were held, an increase of 143 hands. Inventory was 6770 tons, a decrease of 325 tons compared with the previous period. After the opening of $15425 / ton yesterday, the overall concussion downward trend after the opening of the Asian session to the opening of the European market, sharply down to a daily low of $14885 / ton and then hit the bottom to erase the previous nearly half of the decline, finally closed at $15130 / ton, showing a negative line, the physical part above the 40-day moving average near the lower shadow line is supported by the 5-day moving average, and the support below Lunxi is near the test integer level of $15000 / ton.

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