Shanghai metal trading center extraction solution of tin in early trading tips
Yesterday Aaron tin strong oscillation.
Early in the day to $17975, after the opening shock downward, the minimum to $17840, evening shock rushed up to $18050, to $18040, up $85, or 0.
47%, and an additional 120 to 368 hand volume, open interest cut 86 to 19212 hands.
Yesterday Shanghai tin main sharply.
Opened in 117450 in the evening, after opening a consolidation, near midnight quickly rushed to a maximum of 120790 yuan or giving up, after closed at 120090 yuan, up 120090 yuan, up to 1.
39%, volume reduction of 8348 hands, 7268 holdings reduce 66 to 13406 hands.
yesterday Shanghai trading center (metal extraction solution
The original WuMao colored spot market)
, the spot tin mainly deal in 119500 - in the morning
120500 yuan/ton, compared with the previous trading day down 750 yuan/ton.
Shanghai trading center spot tin metal extraction solution index at 120125 points, compared with the previous trading day down 812.
Tin down yesterday, downstream the dips to take goods, procurement is yesterday has increased, but most of the smelter is still in production, market supply relatively reduced, some traders offer strong, market clinch a deal the overall atmosphere in general.
According to Shanghai trading center metal extraction solution results, traders believe that recent tin or shock.
Center point 】
the British central bank announced to cut interest rates and expand the scale of QE today, most the MPC is expected to further rate cuts this year also, governor carney said the economic outlook has changed significantly;
The United States market outlook for interest rates extremely confused however, economic data in rain or shine, but America is expected to raise rates space is small, us stocks were mostly flat yesterday, sterling's fall, basic metal fall now, tin rose slightly.
Fundamentals, yesterday the LME tin stocks continued to decline to 5475 tons, the market supply tight situation unchanged, traders and downstream wait-and-see sentiment strong, prices high.
Main technical point of view, Shanghai tin averages are arranged long, KDJ is turned up again, have a rising trend, and the cloth below forest rail is still supported, tin or shock strong material in the short term period.