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Tin review: stock boost market risk aversion Shanghai tin consolidation

by:Deyuan      2020-12-23
【 Abstract 】 Europe and the United States stock market fell sharply boost market risk aversion, London 1 tin drop. 52% to a six-week low, Aaron tin inventories rose to highs according to market supply pressure, tin or or limited today.

【 The futures market 】 Because of the market investors are increasingly worried that the fed could raise rates as early as in June, the overnight Europe and the United States stock market fell, the market risk aversion, Aaron tin fell $255, the latest closing price to $16535, down to 1. 52%; Today Shanghai tin slightly low, main month 1609 opening price 106440 yuan down 230 yuan, 9:30 p. m. 1605 contract latest offer to 106950 yuan, 280 yuan; News mixed, today Shanghai tin or shock consolidation.

London metal exchange ( LME) 16 the LME tin the latest inventory of 6635 metric tons, inventory increase than the previous trading day 20 metric tons.

( sn. ) Expected: the LME tin inventories increased continuously, the high inventory is low since last December, shows that despite major exporter Indonesian production decline, but still abundant supply, demand is still not good, short-term tin dilemma, now is the spot tin co. , LTD.
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