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Tin review: fundamentals did not improve tin still impress

by:Deyuan      2020-12-23
【 Abstract 】 Europe and the United States stock market fell, the overnight tin performance weak closed down $175, short-term fundamentals bearish, thin trading, tin fell night Shanghai, days or consolidate market, this is tin or co. , LTD.

【 The futures market 】 Tuesday's U. S. corporate earnings reports revenue poor renewed market worries about the global economic slowdown, Europe and the United States stocks fell, overnight pressure on commodity prices, Aaron tin fell $175 to $17670, or 0. 98%; Shanghai tin on main 1609 contract today opening price 117350 yuan down 200 yuan, 9:30 p. m. 1605 contract latest offer for 117600 up to 50 yuan. Short-term fundamentals bearish, thin trading, Shanghai tin for consolidation today.

London metal exchange ( LME) 19, tin the latest inventory of 5870 metric tons, the previous trading day inventory to reduce 100 metric tons.

( sn. ) Expected: the recent U. S. economic data than expected, investors for the fed to raise interest rates expected to rise this year, the dollar index of record four months, commodity prices remain under pressure, Shanghai tin consolidation today, is expected to spot tin went sideways.
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