SMM, July 10:
The main 2009 contract of Shanghai tin opened at a high of 141700 yuan / ton last night, then fluctuated downward under the influence of bulls leaving the market, fell sharply by 139600 yuan / ton in mid-market, and then bottomed out to close at 140320 yuan / ton. It opened at 140500 yuan / ton in the morning, and then fluctuated all the way down under the alternating influence of bulls leaving and bears entering the market. It closed at 138900 yuan / ton, down 1980 yuan / ton, or 1.41%. The trading volume was 45140 lots, the position was 29567 lots, decreased 507 hands, and the day showed a long overcast line. The physical part is located near the 5-day and 10-day moving average, and the lower support level is expected to be near 137500 yuan / ton in the middle rail of the Bolin belt.