SMM, July 8:

The main 2009 contract of tin in Shanghai opened at 140420 yuan / ton last night, and the overall night trading showed a trend of rising first and then suppressing it. After opening, it mainly fluctuated upward under the influence of bulls, reaching the intraday high of 141680 yuan / ton, rebounding somewhat after reaching the peak, and rebounding in late trading. Opened at 141240 yuan / ton in the morning, the bulls left slightly after the opening, and the Shanghai tin concussion rebounded after falling to 140520 yuan / ton. The bulls left the market slightly in the afternoon, the tin concussion went down in Shanghai, and the short exit price rebounded in late trading, closing at 141150 yuan / ton, up 20 yuan / ton, or .001%. 27777 lots, 30599 positions, a decrease of 741 hands, the physical part is located near the five-day moving average, and the upper pressure is expected to be around 142500 yuan / ton.