SMM, 12 May:

Shanghai tin main force 2007 contract last night after 130540 yuan / ton short jump low, rose at the beginning of the session, and then until the end of the night Shanghai tin overall maintained at the daily average of 131000 yuan / ton shock finishing. After the opening of 131200 yuan / ton in early trading today, affected by the increase in short positions, the overall pressure showed a downward trend, the lowest down to a daily low of 129660 yuan / ton, the end of the session rose somewhat, and finally closed at 130290 yuan / ton, down 840 yuan / ton, down 0.64%, trading volume 37296 hands, position 31048 hands. Reduce the number of hands by 580. Today, Shanghai tin closed with a small negative line, the lower shadow line is supported by the 5-day moving average, Shanghai tin main force 2007 contract support is expected to be near the 10-day moving average of 129000 yuan / ton.

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