SMM4, 17 March:
Trend: Lunxi electronic market yesterday opened at $15115 / tonne, as high as $15200 / tonne, as low as $14935 / tonne, closed at $15070 / tonne, down $60 / tonne. A total of 133 hands were closed throughout the day, while positions were held in 17535 hands, a decrease of 314 hands. Inventory was 6675 tons, 95 tons lower than in the previous period. After the opening of 15115 US dollars / ton yesterday, Lunxi generally showed a wide concussion trend, with the lowest falling to a daily low of 14935 US dollars / ton, then quickly pumping to a high of 15200 US dollars / ton, and then falling back again. Finally, it closed at 15070 US dollars / ton, showing a cross star line, with the lower shadow line near the 5-day moving average, and the support below Lunxi is located near the test integer level of 15000 US dollars / ton. If it falls below, the next support is near the 10-day moving average of $14700 a tonne.