SMM, 15 May:
Shanghai main tin 2007 contract last night after the opening of 129570 yuan / ton, the beginning of the market by short positions and long reduction, all the way to a daily low of 127810 yuan / ton to maintain a shock around 128400 yuan / ton below the daily average line. After the opening of 128610 yuan / ton in early trading today, the short force reduced its position, gradually pushing up the overall concussion and upward trend of tin prices in Shanghai, and finally closed with 129240 yuan / ton, showing a small negative line, with the physical part located near the 10-day moving average, and the lower shadow line was supported by the 20-day moving average. Shanghai tin support is expected to be around the 20-day moving average of 127000 yuan / ton. The delivery price of the Shanghai tin 2005 contract is 133900 yuan per ton today, with a delivery volume of 510 lots.
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