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Review: tin tin city high investors cautious short-term or consolidation

by:Deyuan      2020-12-23
【 Abstract 】 Yesterday, the latest figures show the whole of China economic data may not beautiful, monetary easing expected, London tin movements confined late closed up $15, today Shanghai tin or strong, tin material is steady.

【 The futures market 】 Global economy, mixed, night Shanghai tin direction under pressure, up late $15, the latest closing price quote $17065; Today Shanghai high tin, first month 1609 opening price of 112000 yuan in 900 yuan, guiltless, 1605 contracts the latest quotation for 111340 up to 240 yuan; Rallied sharply yesterday after the market rise in risk aversion, today Shanghai tin or consolidation.

London metal exchange ( LME) 13, tin the latest inventory of 6555 metric tons, the previous trading day inventory reduces 20 metric tons.

( sn. ) Expected: supported by the inventory decline, tin city recent strong performance, the spot tin yesterday price at around $111000 a tonne, its high since a month; But investors even more cautious attitude in front of high prices, market or consolidation after the continuous rise in demand, is expected to spot tin gains suspend today.
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