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Tin review: demand did not see improvement tin is a boost

by:Deyuan      2020-12-23
【 Abstract 】 By higher crude oil, the overnight tin strong consolidation, comes at a time when the market consumption off-season, domestic manufacturer orders less purchasing power shortage, tin to win support, is expected today Shanghai tin continuation of consolidation, material spot tin co. , LTD.

【 The futures market 】 American oil reserves for 9 weeks reducing support oil prices higher, base metals by boosting, evening tin strong organizing and ended up $90 to $17760 in late; Shanghai tin on main 1609 contract today opening price 117660 yuan down 100 yuan, 9:30 p. m. 1609 contract latest quotation for the 117700 fall of 60 yuan. Short-term news limited, is expected today Shanghai tin for consolidation.

London metal exchange ( LME) 20 tin the latest inventory of 5985 metric tons, inventory increase than the previous trading day 115 metric tons.

( sn. ) Expected: the recent market news mixed, the spot market in consumption off-season, domestic manufacturer orders less purchasing power shortage, tin to win support, is expected today Shanghai tin continues consolidation trend, spot tin material co. , LTD.
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