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Tin review: economic slowdown fears renewed tin continued weakness

by:Deyuan      2020-12-23
【 Abstract 】 The global economy, investors profit off, fell in late Friday night Aaron tin disadvantaged consolidation $200, short-term lack of good days Shanghai tin consolidation down, spot tin decline is expected today.

【 The futures market 】 Recently released economic data of China and the United States is generally poor, commodity market sentiment, Friday night Aaron tin disadvantaged consolidation, late fell $200, the latest closing price at $18130, down to 1. 09%; Position 19836 hand cut 80 hands, volume 268 hands. Shanghai tin on main 1609 contract today opening price 123800 yuan rise 70 yuan, 9:30 p. m. 1609 contract latest offer for 122200 fell 1530 yuan; Tin is expected today Shanghai continued weakness.

London metal exchange ( LME) Tin the latest inventory of 5065 metric tons, 12 stocks than the previous trading day to reduce 5 metric tons.

( sn. ) Expected: a series of recent bearish economic data increased market worries about the global economic slowdown, investors profit leave, Shanghai disadvantaged consolidation, tin tin spot prices is expected today.
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