SMM7, March 2:
Lunxi trend: Lunxi electronic trading yesterday opened at 16830 US dollars / ton, with a maximum of 16855 US dollars / ton and a minimum of 16695 US dollars / tonne. It closed at 16760 US dollars / ton, down 10 US dollars / ton, with a turnover of 120 lots and a position of 17180 lots, an increase of 142 lots. Yesterday's LME inventory was 3530 tons, down 75 tons.
Lunxi, which opened at $16830 a tonne yesterday, was barely traded in the morning, rising slightly to an intraday high of $16855 a tonne in the afternoon, and then light until the Asian close. Lunxi fluctuated downward under pressure after the closing of the Asian market, bottomed out after reaching the intraday low of $16695 / ton, closed at $16760 / ton, showing a negative line, and the physical part was located near the 10-day and 20-day moving average, above the 5-day moving average. The lower support level is expected to be around 16500 US dollars / ton.
Yesterday, the main force of tin trading in Shanghai has been changed, and the main force of tin in Shanghai is now 2009 contracts.
Shanghai tin trend: Shanghai tin main 2009 contract opened last night at 139450 yuan / ton, the highest 138540 yuan / ton, the lowest 137800 yuan / ton, closing at 137940 yuan / ton, down 510 yuan / ton, 8425 hands, 23227 positions, an increase of 1278 hands.
Shanghai tin night trading opened at 139450 yuan / ton, rose slightly after opening, hit the highest point of 138540 yuan / ton, and then went down under the influence of short positions, and then rebounded after reaching the lowest point of 137800 yuan / ton. Then the pressure reached the lowest point again, and some of the decline closed at 137940 yuan / ton, showing a negative line, the entity part was above all moving averages, and the lower support level is expected to be at 136500 yuan / ton.