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Tin review: short supply is expected to boost high tin site 16 months

by:Deyuan      2020-12-23
【 Abstract 】 The dollar fell, London tin rose 3. High in nearly 16 months, 6% for the second half of the global production will be driven down expectations tin, but lack the support of consumption today is tin or narrow gains.

【 The futures market 】 For monetary stability, including the euro and the British pound, the dollar index continued to slide, London tin sharply up 3. 6%, the latest closing price to $18000, almost a 16-month high; Shanghai tin on main 1609 contract today opening price 124380 yuan rise 3510 yuan, 9:30 p. m. the latest quotation for 120810 yuan down 1605 60 yuan. European leaders back unexpectedly announced his resignation, British politics renewed instability, Shanghai stock market sentiment to careful today, Shanghai leave low to go high tin.

London metal exchange ( LME) 4, tin the latest inventory of 6050 metric tons, inventory increase than the previous trading day 65 metric tons.

( sn. ) Expected: el nino weather, global exporter of tin is mainly in Indonesia and Thailand have drought is expected in July and August, and south China will have heavy rain weather, yunnan, guangxi, hunan, jiangxi, tin production areas hard-hit of tin ore production, processing, transportation will have a significant impact, will significantly reduce the number of signal in the second half of the tin. For the second half of the global production will be driven down expectations of a tin, but lack the support of consumption today is tin or narrow gains.
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