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[brief Review of SMM Tin] increase of position in Shanghai Tin 2007 contract to maintain overall Stability
May 7,2020 17:47CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, May 7:

Shanghai tin main force 2007 contract opened today morning 127370 yuan / ton, affected by the long increase in positions, Shanghai tin all the way shock upward, climbing to a daily high of 129890 yuan / ton. Subsequently, short positions in Shanghai tin hindered pressure fell back, and finally closed at 128850 yuan / ton, up 170 yuan / ton, up 0.13%, trading volume 39455 hands, position 31070 hands, an increase of 1668 hands. Today, Shanghai tin closed at a small positive line, the physical part is located near the 5-day moving average, the lower shadow line is supported by the 60-day moving average, and the resistance above Shanghai tin is expected to be near the integer gate of 130000 yuan / ton.

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