[SMM tin morning news] low oil prices overnight Lunxi Changyin downward

SMM4, 22nd:

Trend: Lunxi electronic market yesterday opened at $15125 / tonne, as high as $15175 / tonne, as low as $14620 / tonne, closed at $14840 / tonne, down $390 / tonne. 246 hands were sold throughout the day, and 17555 hands were held, an increase of 25 hands. Inventory was 6405 tons, 185 tons less than in the previous period. Lunxi electronic plate yesterday after the opening of $15125 / ton, affected by the sharp fall in crude oil prices, the Asian session to the opening of the European market after the overall showing a sharp concussion downward trend, the lowest down to a day low of $14620 / ton. In late trading, it rebounded to $14840 per tonne, showing a long shade, with the physical part near the 5-10 moving average and support below the 20-day moving average expected to be around $14500 per tonne on the 20th.