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[brief Review of SMM Tin] the high volatility of tin in Shanghai is more stable than the center of gravity of yesterday's closing price.
May 13,2020 17:12CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 13 May:

Shanghai tin main force 2007 contract last night 131590 yuan / ton high after the opening of the overall trend to suppress and then rise. After the opening of 130120 yuan / ton in early trading today, at the beginning of the session, affected by the increase in short positions, the market fell to a daily low of 129110 yuan / ton. Subsequently, the long position in Shanghai rebounded and maintained a shock finishing near the daily average of 130200 yuan / ton. Finally, it closed at 130250 yuan / ton, down 40 yuan / ton, down 0.03%, trading volume 43078 hands, position volume 31496 hands, an increase of 448 hands. Today, Shanghai tin closed with a negative line, the physical part is supported by the 5-day moving average, the lower shadow line is located near the 10-day moving average, and it is expected that the support below the 10-day tin moving average is near the 10-day moving average of 129000 yuan / ton.

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