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Tin review: inventory decline for tin supported moves

by:Deyuan      2020-12-25
【 Abstract 】 Investors bet that the fed will not raise interest rates in the short term, the dollar during the dragon boat tin breakthrough pressure is 17000, and the recent support inventory decline for tin tin, Shanghai tin positive direction, this tin or higher now.

【 The futures market 】 Last week, U. S. non-farm payrolls data may not as good as expected, the probability of market for the fed to raise interest rates this month fell from 22% to zero, the dollar last week, tin in domestic rose 0 during the Dragon Boat Festival. 98% above 17000 pressure; Today Shanghai high tin, first month 1609 opening price of 109860 yuan in 780 yuan, guiltless, 1605 contracts the latest quotation for 110680 up to 1600 yuan; China holidays international metal rise generally, Shanghai stock market sentiment so warm today, Shanghai tin or catch up.

London metal exchange ( LME) 10 tin the latest inventory of 6575 metric tons, the previous trading day inventory to reduce 90 metric tons.

( sn. ) Than expected: recent tin inventory continues to fall, 7370 tons of nine months early this month high, as of Friday, Aaron tin inventory has fallen by nearly 11%, Shanghai tin by stocks around, the inventory falling inventories support both at home and abroad, positive short-term Shanghai tin movements, spot tin edged up today.

【 Tin city information 】 China customs according to the latest figures of tin ore and concentrate imports in April 46197 tonnes ( Gross weight) , the content of tin is estimated to be 5500 tons. Total quantity is similar to last month's data in April, but compared to 2015 increased by 40% in April. In the first four months of this year from myanmar imports amounted to 174868 tons, is estimated at close to 21000 tons of tin content.
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