SMM5, 11th May:

The market was closed on Friday by the Bank of England. Shanghai tin trend: Shanghai tin main 2007 contract opened on Friday night 130550 yuan / ton, the highest 130700 yuan / ton, the lowest 129400 yuan / ton, closed 129530 yuan / ton, down 650 yuan / ton. 12561 lots were traded and 31835 positions were held, a decrease of 282 lots. Shanghai tin main 2007 contract last Friday night trading 130550 yuan / ton high opened, long left short positions, Shanghai tin overall shock downward trend, the lowest to the intraday low of 129400 yuan / ton after a slight rise, and finally closed at 129530 yuan / ton, showing a negative line, the physical part is above all the moving average, it is expected that the support under the Shanghai tin main 2007 contract is near the 10-day moving average 128000 yuan / ton.