Home / Metal News / Tin / [SMM Tin Morning News] overnight Lunxi Jump High Open Center of Gravity moves up
[SMM Tin Morning News] overnight Lunxi Jump High Open Center of Gravity moves up
Apr 28,2020 09:19CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM4, 28 March:

Trend: Lunxi electronic market yesterday opened at $15215 / tonne, as high as $15500 / tonne, as low as $15205 / tonne, closing at $15410 / tonne, up $500 / tonne. A total of 416 hands were traded throughout the day, while positions were held in 17215 hands, a decrease of 33 hands. Inventory was 5965 tons, 80 tons less than in the previous period. Lunxi electronic disk yesterday $15215 / ton jump high after the overall shock upward trend, the Asian session once climbed to a day high of $15500 / ton. After the opening of the European market, the center of gravity at the beginning of the session fell and then shook higher again, and finally closed at US $15410 / ton, showing a positive line, with the physical part between the 40-60 day moving average, and the resistance above Lunxi is expected to be around the 60-day moving average of $15600 / tonne. The lower support is near the 5-40 day moving average of $15000 / tonne.

Transaction in Shanghai Stock Exchange
Price Forecast
Morning News

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn