SMM, July 24th:
Shanghai tin main 2009 contract opened at 141950 yuan / ton last night, the opening short left, Shanghai tin concussion uplink, and then Shanghai tin horizontal market shock finishing, the amplitude of the shock gradually reduced. It opened at 142500 yuan / ton in the morning, pulled up after opening slightly, and fluctuated at a high near 143300 yuan / ton, hitting an intraday high of 143500 yuan / ton before falling slightly in the afternoon. In the afternoon, affected by the news that China informed the United States to close the US Consulate General in Chengdu, the bulls fled the market, and the price of tin in Shanghai jumped to a daily low of 141450 yuan / ton. Then it rebounded, closing at 141840 yuan / ton, up 600 yuan, or 0.42%. 42232 hands were traded, 15622 positions were held, 8000 hands were reduced, showing a cross star. The five-day moving average support was received below the entity part of the k-line. It is expected that the lower support level of Shanghai tin is located at the 20-day moving average of 140700 yuan / ton, and the upper pressure level is around 143000 yuan / ton.