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[SMM Tin Morning News] after the opening of tin high in Shanghai, the situation of high shock consolidation was maintained.
May 8,2020 09:18CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5, 8 March:

Lunxi trend: Lunxi electronic trading opened at $15240 / ton yesterday, with a maximum of $15280 / ton and a minimum of $15080 / tonne, closing at $15190 / tonne, down $5 / tonne. A total of 174 hands were closed throughout the day, and 17313 hands were held, an increase of 46 hands. The inventory was 4835 tons, a decrease of 245tons compared with the previous period. Lunxi electronic disk yesterday after the opening of $15240 / ton, the Asian session to the opening of the European market, Lunxi overall maintained a wide concussion, closing at $15190 / ton, showing a small negative line, the downward line is located in the vicinity of the 5-20 moving average. The support below Lunxi is expected to be near the integer level of $15000 / tonne. Shanghai tin trend: Shanghai tin main 2007 contract opened last night 129600 yuan / ton, the highest 129770 yuan / ton, the lowest 129080 yuan / ton, closed 129370 yuan / ton, up 520 yuan / ton. 13278 hands were traded and 30772 positions were held, a decrease of 298 hands. Shanghai tin main force 2007 contract last night 129600 yuan / ton high opening, a small number of short forces left the market, Shanghai tin market overall maintained at 129400 yuan / ton shock finishing, and finally closed at 129370 yuan / ton, showing a small negative line, the physical part is above all moving averages, and it is expected that the resistance above the Shanghai tin main force 2007 contract is near the integer threshold of 130000 yuan / ton in the short term.

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