SMM5 March 15:
Trend: Lunxi electronic market yesterday opened at $15115 / tonne, as high as $15170 / tonne, as low as $14980 / tonne, closed at $15035 / tonne, down $45 / tonne. A total of 215 hands were sold throughout the day, and 17515 hands were held, a reduction of 47 hands. Inventory was 4295 tons, 430 tons less than in the previous period. After the opening of US $15115 / ton yesterday, there was little trading between early trading and midday trading in the Asian plate. After the end of the Asian plate to the opening of the European market, Lunxi generally showed a concussive downward trend, rapidly falling to a daily low of US $14980 / ton and finally closing at US $15035 / ton, showing a small negative line. The upper shadow line is located near the 5-20 moving average. The trend of Shanghai tin near the test integer gate of 15000 US dollars / ton under Lunxi: the main 2007 contract of Shanghai tin opened 129570 yuan / ton last night, the highest was 129710 yuan / ton, the lowest was 127810 yuan / ton, and closed at 128600 yuan / ton, down 1000 yuan / ton. 18855 hands were traded and 31753 hands were held, an increase of 398 hands. After the main 2007 contract of Shanghai tin opened 129570 yuan / ton last night, it was affected by the increase of short positions and the reduction of long positions at the beginning of the day. After falling all the way to the low of 127810 yuan / ton at night, the main tin contract in Shanghai remained in the vicinity of 128400 yuan / ton at the end of the night. Finally, it closed at 128600 yuan / ton, showing a negative line, and the physical part was near the 10-day moving average. Shanghai tin main force 2007 contract is expected to support under the 20-day moving average of 127500 yuan / ton.
