Tin fluctuated violently, continuous tight supply
this week LME3 on tin shock strong, rose slightly. Monday to $17900, quickly fell to rebound after weeks minimum $17775, concussion uplink on Tuesday, Wednesday, consolidation, on Friday to fall after weeks top $18220, to press time closed at $18195, up $320 this week, week 1. 79%. Shanghai tin main wide range this week. Monday to 120360 yuan, three days after opening shock strong, rush on Wednesday to weeks of up to 121180 yuan or giving up, after the shock downward, early trading Friday lowest 117450 yuan, hit a weeks consolidation after the shock upside, maintain high and volatile day on Friday, closed at 120300 yuan, up 230 yuan, this week week up to 0. 19%. Spot trading of
Shanghai trading center (metal extraction solution this week The original WuMao colored spot market) Clinch a deal, the spot tin main range - in 119500 121500 yuan/ton. The upper Zhou Xi price is strong, mainly deal in 120000 - 121500 yuan/ton range, smelter large production lead to shipment, extending last week market tight supply situation, traders have no goods to move, and to reduce inventory, increase trader's price rised, downstream feared high purchase intention is not strong, wait-and-see mainly; On Thursday with tin tin is lower, the lowest price fell to 119500 yuan/ton, lower the dips to take goods, clinch a deal the market recovered, but smelters to shut down has yet to be restored, the market is still in shortage situation, trade shipments, market clinch a deal can be, in general, the market clinch a deal this week atmosphere in general. Today 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 up 500 yuan/ton. Shanghai trading center spot tin metal extraction solution index at 120625 points, a rise of 500 points in the last trading day. Take goods tin recovery, the downstream demand, the downstream consumption is still light, traders, delivery market clinch a deal the overall atmosphere, metal extraction solution according to Shanghai trading center survey, tin or continue to rise in the short term, but space is limited.
【 Center point 】
overall liquidation weak U. S. economic data this week, but I have a bright color, the federal reserve to raise interest rates expected fell again; Around the central Banks have issued policy easing, the Japanese government announced that the stimulus package, the British central bank to cut interest rates for the first time in 2009 years, also support the dollar index rising; Domestically, the overnight Shibor continued downward, and the central bank to carry out the MLF operating up to 486 billion yuan, loose liquidity suggest a market trend remains the same. Commodity price this week now, short-term stabilized base metals, tin fluctuated violently. Fundamentals, this week the LME tin stocks continued to fall, fall 215 tons to 5475 tons from last week, the domestic tin production big smelters to shut down, little shipment, cause the market supply of goods supply tight, Indonesia has reported that Indonesia July refined tin exports fell 57% in June, Indonesia as the world's biggest exporter of tin, tin fewer exports will inevitably lead to further supply shortage, aggravating rised traders mood, boost prices higher. Technology, Aaron tin daily average lines are arranged long, beneath the cloth forest rail support strongly, but there is a downturn in the KDJ materials tin or continuation of the short-term shocks pattern; Shanghai main tin Yin line narrowing, MACD line below 20 daily average lines will still be supported, and KDJ turned upward, expected in the short term period tin or rose slightly, to 121000 yuan probability is bigger.