SMM4, 23 March:
Trend: Lunxi electronic market yesterday opened at $14760 / tonne, as high as $15040 / tonne, as low as $14600 / tonne, closing at $14865 / tonne, up $25 / tonne. A total of 143 hands were sold throughout the day, and 17758 hands were held, an increase of 203 hands. Inventory was 6325 tons, 80 tons less than in the previous period.
After the opening of 14760 US dollars / ton yesterday, the Asian plate quickly fell to a daily low of 14600 US dollars / ton and rebounded. After the opening of the European market, the upward trend continued all the way up, climbing to a daily high of 15040 US dollars / ton and then falling back under pressure. Finally, it closed at 14865 US dollars / ton, showing a small positive line, and the lower shadow line was supported by the 20-day moving average, and the upper film line was supported by the 5-10 moving average. Resistance near the integer level of $15000 / tonne is expected to be tested above Lunxi, and the lower support is expected to be around $14500 / tonne.