SMM, July 1:
Shanghai tin main 2008 contract opened at 138310 yuan / ton last night, after a slight rise in the night market, the center of gravity decreased, the overall trend of horizontal concussion. It opened at 138310 yuan / ton in the morning. After opening, it fluctuated down under the influence of bulls leaving the market, reaching the intraday low of 137440 yuan / ton, and then rebounded all the way up because the short positions hit the bottom. After reaching the intraday high of 138610 yuan / ton, there was a pullback to close at 138610 yuan / ton, down 220yuan / ton, or 0.16%. The turnover was 23223, the position was 10902, and the reduction was 1801, showing a positive line. The lower part of the entity was supported by the 5-day moving average. The upper pressure level is expected to be at the previous high of 139500 yuan / ton.