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Tin review: poor demand from China tin limited gains

by:Deyuan      2020-12-25
【 Abstract 】 Years, the federal reserve to raise interest rates expected sharp drop, overnight tin is flat, closed up $100, due to the poor demand from China, short-term inside tin city is very weak pattern, expect now tin co. , LTD.

【 The futures market 】 Years, the federal reserve to raise interest rates expected a sharp cooling, market fears eased, evening tin continued stable and closed up $100, the latest closing price to $17005; Shanghai tin on main 1609 contract today opening price 111810 yuan fell 590 yuan, guiltless, 1605 contracts the latest quotation for 112320 yuan fell 80 yuan; Chinese demand outlook, days in tin city is now very weak pattern, Shanghai tin or weak consolidation.

London metal exchange ( LME) 16 tin the latest inventory of 6300 metric tons, the previous trading day inventory to reduce 5 metric tons.

( sn. ) Expected: the recent global economic data were mixed, the UK will be held on June 23, the back of the referendum has become the focus of the market; If Britain withdrew the success, so, the U. S. economy and global financial markets are affected. The spot market, the market demand, supply and demand both sides wait to market volume was light, spot tin or or limited today.
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