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[brief Review of Tin in SMM] reduced position in Shanghai, first suppressed and then rose
Apr 30,2020 17:02CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 30 April:

Shanghai tin 2006 contract opened early today 130500 yuan / ton, the beginning of the long reduction Shanghai tin pressure downward, the lowest down to the day low 128730 yuan / ton, the end of the short a small amount of departure, Shanghai tin bottom rebounded, wiping out the previous half of the decline, finally closed at 129550 yuan / ton, down 280 yuan / ton, down 0.22%, trading volume 9844 hands, position 10422 hands, reduced 2132 hands. Today, Shanghai tin 2006 contract closed with a small negative line, the physical part is located near the 5-day moving average, the bottom is supported by the 10-day moving average and 60-day moving average, and it is expected that the support below the Shanghai tin 2006 contract is near 128000 yuan / ton in the early horizontal plate range.

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