SMM7.10 News:
Lunxi trend: Lunxi electronic trading yesterday opened at US $17100 / tonne, with a maximum of US $17480 / tonne and a minimum of US $17025 / tonne, closing at US $17250 / tonne, with a turnover of 551 lots and positions of 17055 lots, an increase of 371 lots. Yesterday's LME inventory was 3920 tons, an increase of 25 tons.
Lunxi opened at $17100 / tonne yesterday, trading was light in the morning, jumped slightly to the intraday low of $17025 / tonne in the afternoon, then bottomed out, rebounded somewhat, continued to shock upward after a sharp rally in the evening, hit an intraday high of $17480 / tonne above, closed at $17250 / tonne, closed at a positive line, the physical part was above all moving averages, and the upper pressure level is expected to be at $17500 / tonne.
Shanghai tin trend: Shanghai tin main 2009 contract opened last night at 141700 yuan / ton, the highest 142590 yuan / ton, the lowest 139600 yuan / ton, closing at 140320 yuan / ton, down 560 yuan / ton, 24811 hands, 30046 positions, a decrease of 28 hands.
Last night, the tin jump in Shanghai opened at 141700 yuan / ton, and then in the bulls left, Shanghai tin fluctuated all the way down, fell sharply in the middle, reached the intraday lowest point of 139600 yuan / ton, rebounded to close at 140320 yuan / ton, showing a long overcast line, the physical part is located near the 5-day moving average, and the lower support level is expected to be near the 10-day moving average of 139500 yuan / ton.
