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Hedge tin tin review: poor fundamentals market weakness

by:Deyuan      2020-12-23
【 Abstract 】 Global stocks led the market risk aversion, London tin tumbled $320 closed at three week low, outside dish, weaker today Shanghai tin or weak finishing, is expected to spot tin down slightly.

【 The futures market 】 The effects of short-term market digest the fed to raise interest rates by the end of expectations, the dollar index performance shocks, global market weakness caused investors to hedge, London tin low open low, closed down $320, the latest closing price to $19550, down to 1. 61%; Volume 423 of an increase of 283 hands, holdings to 20260 by 255. Today Shanghai tin opened on main 1701 contract fell 127830 yuan, 810 yuan; 9:30 p. m. the latest price down to 127800 yuan, 840 yuan; Lack of positive factors, today Shanghai tin or weak turbulence.

London metal exchange ( LME) 13, tin the latest inventory of 3370 metric tons, inventory from the previous trading day unchanged.

( sn. ) Expected: the recent organization of the petroleum exporting countries to limit production agreement showed a positive attitude, but on the other hand, OPEC crude oil production has reached a record high, which makes the market growing concern about the excess supply of crude oil, short-term price or remain under pressure; Fundamentals of poor, metal market sentiment so cautious, Shanghai tin performance weak today, is expected to spot tin down slightly.
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