SMM, 11 May:
Shanghai tin main force 2007 contract last night after the opening of 130550 yuan / ton overall showed a small concussion downward trend, the lowest down to a day low of 129400 yuan / ton. After the opening of 129760 yuan / ton in early trading today, affected by bulls increasing positions, the market rose rapidly at the beginning and then slowly fluctuated higher. After climbing to an intraday high of 131640 yuan / ton, the disinfection fell back, and finally closed at 131130 yuan / ton, up 950 yuan / ton, or 0.73%. The trading volume was 45796, the position was 31628, and the position was reduced by 489. Today, Shanghai tin closed with the Xiaoyang line, the lower shadow line was supported by the 5-day moving average, and the resistance above Shanghai tin is expected to be near the previous high of 132000 yuan / ton.
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