Copper solvent extraction reagent, Nickel Cobalt extractant, DEHPA & Rare earth leaching solvent

Metal leaching solvent

Tin or maintain, downstream wait-and-see mood worse

by:Deyuan      2020-12-23
Summary of the futures market.
Aaron tin shock strong today. Immediately after the opening in the top $17900, fell to the lowest $17775, after a slight rebound, closed at $17845 to press time, falling $10, drop to zero. 08%. Volume decreased 173 hands to 18 hand, 19320 hand holdings, no rise and fall. Today Shanghai tin main shocks weak down slightly. Concussion run after opening day to 120400 yuan, highest to lowest 118500 yuan, close to closing slightly warmer, closed at 119760 yuan, down 770 yuan, down to zero. 64%. , 1494 to 16140 hand volume reduction, holdings reduce 742 to 14850 hands. Spot market overview:

Shanghai trading center (metal extraction solution today The original WuMao colored spot market) , the spot tin mainly deal in 120000 - in the morning 121500 yuan/ton, compared with the previous trading day unchanged. Shanghai trading center spot tin metal extraction solution index in 120937. 5 points, compared with the previous unchanged. Today tin shock downward, smelter shipment is still tight, traders moving goods less, dependent on previous inventory, although the price is lower, but the downstream wait-and-see sentiment strong, procurement in general, the market clinch a deal the atmosphere as a whole. According to Shanghai trading center metal extraction solution results, traders believe that recent tin or shock.

【 Center point 】
official manufacturing PMI49 released in July in China today. 9, lower than expected, caixin manufacturing PMI to 50. 6, far better than expected,
but the economic downward pressure remain, growth pressure; In the United States, the United States in the second quarter GDP growth significantly less than expected, the federal reserve to raise interest rates expected broken immediately, a weaker dollar, boost the black rose, differentiation, base metal tin shock downward.
in terms of fundamentals, smelter shipments continued tight, is expected next week, a small amount of resuming production, shipment, traders and downstream wait-and-see mood is aggravating, the spot price is lower. Tin technology, Aaron, MACD Yin line narrowing, below the $17800 to support strong; Shanghai tin main MACD Yin line, 20 daily average lines turned down, but there are still below support, is expected to issue tin or callback to 120000 yuan, short-term tin or shock.
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