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Tin, or continue to rise, and high receiving intend to low downstream

by:Deyuan      2020-12-23
Summary of the futures market.
Aaron tin shock strong today. Immediately after the opening in the top 18290 dollars down, hit the lowest $18210 after the rebound, concussion run, up to $18350, to press time closed at $18310, down $40, drop to zero. 22%, volume reduction of 94 hands, 419 holdings 19360 hands, no more or less. Today Shanghai tin main sharply. Maintain high and volatile day trading, line all the way up to 122300 yuan, 122200 yuan, up 2800 yuan, up to 2. 35%, and an additional 244 to 15974 hand volume, open interest increased by 1058 to 13970 hands. Spot market overview:


Shanghai trading center (metal extraction solution today The original WuMao colored spot market) , the spot tin mainly deal in 120500 - in the morning 121500 yuan/ton, compared with the previous trading day up 500 yuan/ton. Shanghai trading center spot tin metal extraction solution index at 121125 points, a rise of 500 points in the last trading day. Prices continue to rise, in the afternoon rose 1000 yuan/ton, the downstream high fear can't pick up the goods, purchasing willingness is extremely low, because most smelters are still in a state of shutdown maintenance smelter shipment, market supply is still tight, lead to a strong appetite trader's price, trading in general. Extract solution according to Shanghai metal trading center survey, traders believe that recent tin or continue to rise.

【 Center point 】
the central bank released the second quarter monetary policy implementation report, or that the recent increase the intensity of inhibition of asset bubbles, must cut interest rates further weakening; Britain, released on Friday July home price index fell more than expected, wage growth has slowed, refund the the negative effects of emerging; July non-farm nicely on the contrary, the United States, boost the rising dollar, global stock markets surged to boost commodity market sentiment, overall strengthening of base metal plates, phase of tin sharply. Fundamentals, spot with tin tin soared, smelters to shut down tight supply situation is still not improve, trader's price is rised, boosting prices higher. Main technology on the surface, the Shanghai tin MACD narrowed sharply Yin line, after KDJ cross spread upward, ma long arrangement, and beneath the cloth forest rail support strong, strong rising trend, tin is bright eye, sharply higher, tin is expected to issue or continue to rise in the short term, is expected to reach 125000 yuan.
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