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The supply end tightens tin tin review: support after partial stability

by:Deyuan      2020-12-25
【 Abstract 】 Europe and the United States stock market rebound boost market sentiment, overnight tin rose 2. 3% to three weeks, the refined tin exports fell by 22% in May, supported by a tightening supply side, this is tin or slightly up.

【 The futures market 】 Market pessimism of non-agricultural data receded, yellen said remain optimistic about the U. S. economy, stocks rebound boost market sentiment across Europe and the United States in the evening, overnight tin rose 2. 3% to $16900 in three weeks; Today Shanghai high tin, first month 1609 opening price of 109290 yuan in 380 yuan, guiltless, 1605 contracts the latest quotation for 109050 yuan rise 140 yuan; Today Shanghai tin or continuation of consolidation.

London metal exchange ( LME) 6, tin the latest inventory of 7130 metric tons, the previous trading day inventory to reduce 25 metric tons.

( sn. ) Expected: the world's biggest exporter of tin a trade ministry official said, Indonesia's exports in May 5377. 89 tons of refined tin, fell 22% last month, down 14% from a year earlier, the message to boost market sentiment, tight supply end of expectations, tin or continue strong trend today, is expected to spot tin were up slightly.
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