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Short-term tin tin review: the global supply tightening moves or stabilized

by:Deyuan      2020-12-23
【 Abstract 】 The fed rate hike fears renewed, back up late night Aaron tin high $10; Tin tin historically low inventory, and global production tightening and downstream demand stable support tin, tin material today now or not.

【 The futures market 】 Despite the recent U. S. data mixed, but the market still faces the threat rate hikes, the probability of the federal reserve in 2016, raising interest rates still remain at 70%. Night Aaron tin highs, closing, the latest closing price quote $19445, up $10; Volume 194 hand reduce 32 hand, holdings of 20427 an increase of 120. Today Shanghai tin on main 1701 contract opened 128110 yuan rise 240 yuan; 9:30 p. m. the latest price down to 127760 yuan, 110 yuan; Today Shanghai tin or continuation of the consolidation pattern.

London metal exchange ( LME) 17 tin the latest inventory of 3250 metric tons, the previous trading day inventory to reduce 70 metric tons.

( sn. ) Is expected: global tin production supply tightening down to market, and stability of downstream demand, at present the LME tin inventory at historical lows, and myanmar into the rainy season production, to provide further support prices, is expected to short-term movements of tin, is expected to today's spot tin co. , LTD.

【 Tin city information 】 China is a net importer tin, myanmar is the biggest importer of tin, in recent years, the continued growth of tin ore imports from Burma to 28, 2015. Of 60000 tons, annual concentrate imports accounted for 98%, 5 2016 years ago in Burma tin ore imports has 21. Estimate could reach 2, 50000 tons of metal. 60000 tons.
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