Shanghai metal trading center extraction solution of tin in early trading tips
Summary of the futures market. tin yesterday's record high.
Early in the day at $17900, back in early concussion and hit a low $17860 in the day, and the city will be closed concussion uplink, the midnight to top $17995, to $17990, up $125, or 0.
70%, the volume increase 20 to 239 hand, holdings reduce 74 to 19163 hands.
Shanghai tin main shock strong yesterday.
Night opened at 120680 yuan, after the opening quickly rushed to a maximum of 121180 yuan, after the shock, a slight rebound after overnight hit the lowest 119400 yuan, 120110 yuan, up 180 yuan, down to zero.
15%, volume reduction of 6612 hands, 6618 holdings reduce 36 to 14686 hands.
Spot market overview:
yesterday Shanghai trading center (metal extraction solution
The original WuMao colored spot market)
, the spot tin mainly deal in 120000 - in the morning
121000 yuan/ton, compared with the previous trading day down 250 yuan/ton.
Shanghai trading center spot tin metal extraction solution index at 120625 points, compared with the previous trading day by 312.
5 o 'clock, afternoon tin price, clinch a deal in 121000 -
Yesterday tin rose slightly, smelter production has yet to be restored, shipment, traders earlier decrease in the number of inventory, rised mood is aggravating, the downstream fear high don't want to pick up the goods, the market trading.
According to Shanghai trading center metal extraction solution research results, traders believe that recent tin or rose slightly.
Center point 】
American consumer spending is still strong in June, the core PCE year-on-year growth remain high, mainly supported by the Labour market, consumption growth momentum in the third quarter is expected to continue;
Influenced by Japan's economic stimulus plan, further strengthening yen, the dollar index, the basic metals such as weak overall trend, tin concussion run.
Fundamentals, yesterday the LME tin stocks fell 10 tons, supply shortage situation, traders due to insufficient supply of goods's price is rised, tin still remain high.
Main technical point of view, Shanghai tin along the 5th averages, KDJ is turned down again, but still below 20 daily average lines have support, is expected to tin or volatility in the short term period.