SMM, July 7:
Shanghai tin opened at 142800 yuan / ton last night, fell slightly after the opening, then rebounded and fluctuated sideways nearby. It opened at 142270 yuan / ton in the morning, and then went down under the influence of bulls leaving, finishing horizontally before noon. The bulls continued to leave the market after the afternoon opening, and the price of tin in Shanghai fell to an intraday low of 140400 yuan / ton. After hitting the bottom, it rebounded to close at 141130 yuan / ton, down 1250 yuan / ton, or 0.88%. The turnover was 29210, the position was 31340, and the number was reduced by 871. the physical part is above all moving averages. The lower support level is expected to be near the 5-day moving average of 140000 yuan / ton.