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Tin review: Indonesia's exports in the tin or fall back

by:Deyuan      2020-12-23
【 Abstract 】 Oil prices fell drag on the market sentiment, lie between Zhou Lunxi fell 1. 59% since a 20-month highs, Indonesia on August year-on-year exports increased dramatically, today Shanghai tin pressure correction, is expected to tin spot prices.

【 The futures market 】 American oil drilling several active boom in oil prices again under pressure, crude oil prices fell on Friday drag on commodity market sentiment, U. S. stocks on Friday were routed, tin since a 20-month highs, closed down $310, the latest closing price to $19240, or 1. 59%; 361, 19757 holdings of increase 11 hands; Today Shanghai tin low open, first month 1701 contracts opened 126950 fell 440 yuan; 9:30 p. m. the latest price at 125010 fell 2380 yuan; Intraday support factor is insufficient, is expected to Shanghai tin fell back.

London metal exchange ( LME) 9, tin the latest inventory of 4290 metric tons, the previous trading day inventory to reduce 100 metric tons.

( sn. ) Expected: the world's largest tin exporter Indonesian refined tin exports in August 5378. 57 tons, from July in 62. 3%, short-term tin pressure correction, is expected to spot tin with down today.
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