SMM, May 22:
Shanghai tin 2007 contract last night after the opening of 134990 yuan / ton, affected by the gradual reduction of positions, the overall shock downward. After the opening of 132820 yuan / ton in early trading today, affected by the reduction of long positions again, the trend of night trading showed a downward trend, and finally closed at 131710 yuan / ton, down 3060 yuan / ton, or 2.27%. The trading volume was 53516 lots, the position was 28187 lots, and the number of hands was reduced by 1255 hands. Today, Shanghai tin shows a negative line, and the physical part is located near the 5-day moving average, which is supported by the 10-day moving average. It is expected that the lower support of Shanghai tin is located near the integer gate of 130000 yuan / ton.
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