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Tin review: falling inventories provide momentum tin climb all the way

by:Deyuan      2020-12-23
【 Abstract 】 Dollar back support, evening tin rose 0. 89% to more than 21 months, Aaron low tin stocks fell to eight years, because of fears of supply shortages, prices climbed, material spot tin rise today.

【 The futures market 】 Dollar late back support base metals, tin the rally, closing up $175, the latest closing price to $19925, or 0. 89%, a more than 21 months high, volume 293 hand cut 173 hands, holdings 20204 hand cut 163 hands, Aaron tin up 37% so far this year. Today Shanghai high tin, 1701 contracts opened 127680 main month 740 yuan; 9:30 p. m. the latest price rose to 128690 yuan, 1750 yuan; Today Shanghai leave high to go high tin, overall trend is expected to strong.

London metal exchange ( LME) 28 tin the latest inventory of 3460 metric tons, the previous trading day inventory to reduce 190 metric tons.

( sn. ) Expected: number one tin exporter of Indonesia's exports are falling, tin make LME inventories fell to the lowest level in nearly eight years, because of fears of a tight supply, tin and tin prices are rising now, the domestic spot price of tin ingot has risen more than 35% this year; Because of fears of supply shortages, prices still have upside momentum, is expected to rise in spot tin today.
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