Home / Metal News / Tin / [SMM Tin Morning News] the overall stability of the tin center of gravity during the overnight internal and external disk period
[SMM Tin Morning News] the overall stability of the tin center of gravity during the overnight internal and external disk period
May 13,2020 09:15CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5, 13 March:

Trend: Lunxi electronic market yesterday opened at $15275 / tonne, as high as $15285 / tonne, as low as $15150 / tonne, closed at $15270 / tonne, down $5 / tonne. A total of 153 hands were sold throughout the day, and 17434 hands were held, an increase of 375 hands. Inventory was 4710 tons, 35 tons less than in the previous period. After the opening of Lunxi electronic trading at US $15275 / tonne yesterday, Asian trading remained sideways around the opening price in early and midday trading. In the afternoon, Lunxi was under pressure to reach an intraday low of $15150 a tonne. After the opening of the European market, Lunxi hit the bottom and returned to a volatile upward trend, erasing most of the previous decline and returning to the opening price, and finally closed at $15270 / ton, showing a cross star, with the lower shadow line near the 5-20 moving average. it is expected that the support below Lunxi is located at the integer level of $15000 / ton. Shanghai tin trend: Shanghai tin main 2007 contract opened last night 131590 yuan / ton, the highest 131590 yuan / ton, the lowest 129700 yuan / ton, closed 130200 yuan / ton, down 90 yuan / ton. A transaction of 19874 hands, holding 31128 hands, an increase of 80 hands. Shanghai main tin 2007 contract last night after a high of 131590 yuan / ton opened, early by the long reduction and short positions under the influence of the low of 129700 yuan / ton, then Shanghai tin bottom rebounded to 130200 yuan / ton closing, showing a negative line, the physical part of the bottom by the 5-day moving average support, Shanghai tin 2007 contract is expected to be near the 10-day moving average of 129000 yuan / ton.

Transaction in Shanghai Stock Exchange
Price Forecast
Morning News

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn