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Tin review: global supply tightening is expected to boost Aaron tin rose to a high of more than 19 months

by:Deyuan      2020-12-23
【 Abstract 】 Fall in the dollar market by buying, London tin continued strong closed up $200; Falling inventories and main tin producer production to market worries about global supplies tighten up, expect tin up now.

【 The futures market 】 Late U. S. manufacturing data significantly below expectations inhibits could come as early as this month to raise interest rates by the federal reserve is expected late fall in the dollar market buying, London tin continues strong trend, closing up 1. 06% to $19100, hit a new high since the end of January last year. Volume 466, holdings 19237 hand cut 336 hands. Today Shanghai high tin, first month 1701 contracts opened 125600 yuan rise 490 yuan; Latest at 9:30 p. m. 125650 rose 540 yuan; Today Shanghai tin or strong shock.

London metal exchange ( LME) 1 tin the latest inventory of 4460 metric tons, inventory from the previous trading day unchanged. Now Aaron to low tin inventory for six months.

( sn. ) Expect: it was reported that production of tin exporter Burma has peaked, and including the output of other producers to Peru, the Congo also fell, the rules of the Indonesian ban on exports of raw materials and also limits the tin exports, tin market concerns about the global market in the next few years will be a shortage. Offer a strong, short-term tin city is expected to spot tin rise further today.

【 Tin city information 】
the international association for the study of tin, according to data from the past four years, Burma's original & other; High & throughout; Taste of tin ore in the wa production growth to more than 10 times. Myanmar now about meets the requirements of China a third of the tin, and 10% of the world's supply. In the first half of this year the tin exports surged more than 80% in China. The international association for the study of tin, said the Burmese tin output is likely to be stable, because of the wa is given priority to with open pit mining activities has now entered the stage of underground mining, and the tin content of underground ore is low.
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