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[SMM Tin Morning News] bullish growth Shanghai Tin 2008 contract night market center rose
May 29,2020 09:26CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

On the 29th of the month of SMM5:

Lunxi trend: Lunxi electronic trading opened at US $15395 / ton yesterday, with a maximum of US $15540 / tonne and a minimum of US $15375 / tonne, closing at US $15535 / tonne, up US $180 / tonne. 162lots were traded throughout the day; 16931 lots were held, an increase of 175lots. The inventory is 2930 tons, 20 tons less than the previous period. After the opening of the electronic disk of US $15395 / ton yesterday, there was little trading in Asia. After the opening of the European market, Lunxi showed an overall upward trend of concussion, climbing to an intraday high of US $15540 / t, and then fell slightly, finally closing at US $15535 / tonne, showing a positive line, the physical part was supported by the 5-day moving average, and the resistance above Lunxi is expected to be near the previous high of US $15700 / t. Shanghai tin trend: the main tin 2008 contract in Shanghai opened 133060 yuan / ton last night, the highest was 134200 yuan / ton, the lowest was 133060 yuan / ton, and closed at 134150 yuan / ton, up 480 yuan / ton. 15249 lots were traded and 31361 positions were held, an increase of 806 hands. Shanghai tin 2008 contract last night after the opening of 133060 yuan / ton, the beginning of the session generally maintained in the opening price near the shock finishing, and then affected by long positions showed a concussive upward trend, the highest to the night high of 134200 yuan / ton, and finally closed at 134150 yuan / ton, showing a positive line, the physical part below is supported by the 5-day moving average, it is expected that the resistance above the Shanghai tin main 2008 contract is around 135000 yuan / ton.

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