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Confined tin tin review: a drop in oil prices goods or to decline

by:Deyuan      2020-12-25
【 Abstract 】 A drop in oil prices drove commodity market sentiment, overnight tin fell $250 in nearly half a month lows, market focus on September the fed meeting minutes on Thursday, Shanghai tin disadvantaged consolidation today, tin material is down slightly.

【 The futures market 】 OPEC crude oil production hit a record high in September, the IEA predicts that global oil demand growth will slow further, evening in the oil price hit commodity market sentiment, tin continue to dip and late fell $250 closed at $19800, almost a half month low; Volume 268 of an increase of 133 hands, increased holdings 20334 20 hands. Today Shanghai tin first month 1701 contracts opened 129500 yuan fell 10 yuan. 9:30 p. m. the latest price down to 128390 yuan, 1120 yuan; Market focus on September the fed meeting minutes on Thursday, is expected today Shanghai tin disadvantaged consolidation.

London metal exchange ( LME) 11, tin the latest inventory of 3400 metric tons, the previous trading day inventory reduces 20 metric tons.

( sn. ) Expected: the federal reserve to raise interest rates expected, investors cautious wait for September will be published this week the federal reserve meeting minutes. Lack of positive support, Shanghai tin weak consolidation today, is expected to spot tin fell today.
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