[brief Review of tin in SMM period] High position of tin center of gravity in Shanghai period to maintain stability

Published: May 21, 2020 16:57

Save

SMM, May 21:

After the opening of 134600 yuan / ton last night, the main tin 2007 contract in Shanghai showed a trend of first suppressing and then rising. At the beginning of the session, it rebounded after falling to an intraday low of 133820 yuan / ton, and gradually pushed up the price trend. After the opening of 135000 yuan / ton in early trading today, due to the influence of bullish positions rising to an intraday high of 136180 yuan / ton at the beginning of the day, some bulls left the market, and the tin pressure in Shanghai fell back, finally closing at 134770 yuan / ton, down 150 yuan / ton, with a turnover of 47665 lots and a position of 29442 lots, a decrease of 1158 lots. Today, Shanghai tin closed with a cross star line, located above all moving averages, and it is expected that the resistance above the Shanghai tin main 2007 contract will be around 135000 yuan / ton.

Scan the QR code and apply to join the SMM metal exchange group. Please indicate the company + name + main business.

A brief comment on Qishi

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

43 mins ago

Data: SHFE, DCE market movement (Apr 21)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 21 Apr , 2026

43 mins ago

2 hours ago

Shanghai Unveils Plan to Boost Pilot Zone with Cutting-Edge Tech like BCI, 6G, Quantum Computing

The General Office of Shanghai Municipal People's Government issued a notice on the *Implementation Plan for the National Digital Economy Innovation and Development Pilot Zone (Shanghai)*, which mentioned advancing the exploration of frontier technologies. This includes accelerating the piloting and commercialization of technologies such as brain-computer interfaces, sixth-generation mobile communications (6G), and quantum computing, as well as building common technology R&D service platforms. Research will be conducted on mechanisms for third-generation internet (Web 3.0) innovation testbeds, exploring the development of a trusted technology foundation based on smart contracts, and carrying out technology verification in an orderly manner.

2 hours ago

Shanghai Unveils Plan to Boost Digital Economy with AI, 5G Initiatives

The General Office of Shanghai MunicipalThe General Office of Shanghai Municipal People's Government issued the Notice on the Implementation Plan for the National Digital Economy Innovation and Development Pilot Zone (Shanghai), which mentioned accelerating the intelligent and digital transformation of key industries. It called for implementing special campaigns of "AI + Manufacturing" and "5G + Industrial Internet," and supporting the R&D of industry-specific vertical large models. It also called for fostering new service industry models driven by data elements and artificial intelligence, supporting service industries such as strategic consulting, industry analysis, index publishing, and asset valuation in strengthening the application of data elements and digital technologies, and transforming static data resources into dynamic value services.

2 hours ago