SMM, 21 April:

Shanghai tin main force 2006 contract opened 127900 yuan / ton early today, due to the sharp fall in overseas crude oil prices, the impact of long positions, Shanghai tin fast shock downward, the lowest down to a day low of 125520 yuan / ton after a small rise, finally closed at 125530 yuan / ton, down 2740 yuan / ton, down 2.14%, trading volume 43706 hands, position 32360 hands, reduced 1384 hands. Today, Shanghai tin closed at a long negative line, and the physical part is located near the 5-10 and 40-day moving averages. It is expected that the lower support of Shanghai tin is around 122000 yuan / ton in the early horizontal plate interval.

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