Home / Metal News / Tin / [SMM tin brief review] tin positions in Shanghai increase Xiaoyang line to close higher.
[SMM tin brief review] tin positions in Shanghai increase Xiaoyang line to close higher.
May 29,2020 17:48CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, May 29th:

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 shock upward trend. After opening at 134030 yuan / ton this morning, it bottomed out and rose again after falling at the beginning of the session, and then fluctuated all the way up to the intraday high of 134740 yuan / ton before falling slightly. Finally, it closed at 134420 yuan / ton, up 750yuan / ton, or 0.56%. The trading volume was 40325 lots, and the position was 32601 lots, an increase of 2046 lots. Today, Shanghai tin closed with the Xiaoyang line, the physical part was supported by the 5-day moving average, and the resistance above the Shanghai tin 2008 contract is expected to be around 135500 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

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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