SMM5, March 12:
Trend: Lunxi electronic market yesterday opened at $15290 / tonne, as high as $15450 / tonne, as low as $15150 / tonne, closed at $15275 / tonne, up $85 / tonne. A total of 242 hands were closed throughout the day, and 17059 hands were held, a reduction of 254 hands. Inventory was 4745 tons, 90 tons less than in the previous period. Lunxi electronic disk yesterday after the opening of $15290 / ton, the sub-plate initially showed a concussive upward trend, climbing to a daily high of $15450 / ton after maintaining a high consolidation. After the opening of the European market, Lunxi fell back under pressure, quickly bottomed to a daily low of $15150 / ton, and finally closed at $15275 / ton, showing a cross star line. The upper shadow line is located near the 60-day moving average, and the lower shadow line is near the 5-10 moving average. Above Lunxi, the resistance level around the 60-day moving average is $15400 / ton, and the lower resistance is near the integer level of $15000 / ton. Shanghai tin trend: Shanghai tin main 2007 contract opened last night 130540 yuan / ton, the highest 131450 yuan / ton, the lowest 130400 yuan / ton, closed 131300 yuan / ton, up 170 yuan / ton. 15931 hands were traded, 30440 positions were held, and 1188 hands were reduced. After the 130540 yuan / ton short jump opened last night, the Shanghai tin main force 2007 contract pushed up the Shanghai tin market to a high of 131450 yuan / ton at the beginning of the day, and then closed at night. Shanghai tin remained at a high level near the daily moving average of 131000 yuan / ton, and finally closed at 131300 yuan / ton, showing a small positive line, and the physical part was above all moving averages. Shanghai tin main force 2007 contract is expected to support under the 10-day moving average of 129000 yuan / ton.