SMM, May 29th:
Shanghai tin 2008 contract last night after the opening of 133060 yuan / ton, the beginning of the session generally maintained in the opening price near the shock finishing, and then affected by long positions showed a shock upward trend. After opening at 134030 yuan / ton this morning, it bottomed out and rose again after falling at the beginning of the session, and then fluctuated all the way up to the intraday high of 134740 yuan / ton before falling slightly. Finally, it closed at 134420 yuan / ton, up 750yuan / ton, or 0.56%. The trading volume was 40325 lots, and the position was 32601 lots, an increase of 2046 lots. Today, Shanghai tin closed with the Xiaoyang line, the physical part was supported by the 5-day moving average, and the resistance above the Shanghai tin 2008 contract is expected to be around 135500 yuan / ton.
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