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[SMM tin brief review] tin rose strongly in Shanghai, up 3.43% on the day.
Jul 27,2020 17:24CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, July 27th:

The trading volume and position of Shanghai tin 2010 contract exceeded 2009 contract today, and Shanghai tin 2010 contract is the main one from today. Today, the closing price of Shanghai tin 2010 contract is 146790 yuan / ton, and the closing price of Shanghai tin 2009 contract is 146510 yuan / ton, with a difference of 280 yuan / ton from October to September.

The Shanghai tin 2010 contract opened at 141900 yuan / ton last Friday, which rose slightly after opening, swayed after a small pullback, and closed higher again. It opened at 144000 yuan / ton in the morning, and the center of gravity moved up slightly after opening, then fell back and swayed horizontally, rose slightly in the afternoon, rose more than in the afternoon, touched the highest point in the day and the highest point of the year so far 147090 yuan / ton, pulled back after peaking, the center of gravity moved down, and closed slightly at 146790 yuan / ton, up 4870 yuan / ton, up 3.43%, 40689 hands, 18141 positions, an increase of 8584 hands, showing a long positive line. During the day, the tin in Shanghai futures is rising strongly, or there is still room to rise, but we need to be on guard against the downside risk brought by the pressure on the upper Bolin belt.

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