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Tin review: light tin upward downstream demand

by:Deyuan      2020-12-23
【 Abstract 】 Oil prices hit commodity market sentiment, overnight tin fell $155, for China's economic growth prospects concerns persist, night Shanghai tin plate weak consolidation, light, the downstream demand is expected to spot tin down today.

【 The futures market 】 On Monday, crude oil futures prices fell to near a two-month low, commodity market sentiment under pressure, London tin low consolidation, closed down $155 to $17845, Shanghai tin low open today, first month 1609 opening price 117890 yuan down 680 yuan, 9:30 p. m. 1605 contract latest offer for 117740 fell 830 yuan; Data this week surface is relatively flat, short-term Shanghai tin still is given priority to with consolidation.

London metal exchange ( LME) 18 tin the latest inventory of 5970 metric tons, the previous trading day inventory reduce 25 metric tons.

( sn. ) Expected: after crude oil and refined oil inventories, added to reappear the concerns of the excess inventory serious situation, international oil prices lower, late pressure on commodity prices, the Shanghai tin weak shocks, is expected to spot tin fell today.
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