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Tin review: stocks have fallen to low supply more than ten years to boost prices

by:Deyuan      2020-12-23
【 Abstract 】 Indonesian exports fell that tin inventory down to ten years, low night Aaron tin high steady closed up $160; Boosted by supply shortages, expected short-term spot tin are still up space.

【 The futures market 】 No. 1 tin exporter of Indonesia's exports are falling, makes the LME tin stocks have fallen to the lowest level for more than ten years, falling inventories to boost tin, tin evening Aaron high stabilization, late closed at $19530, up $160, or 0. 83%; Volume 286, holdings 19778 hand cut 305 hands. Today Shanghai tin 1701 contracts opened 128200 main month 850 yuan; Latest at 9:30 p. m. 127310 fell 40 yuan. Days Shanghai tin or strong shock.

London metal exchange ( LME) 7, tin the latest inventory of 4390 metric tons, the previous trading day inventory reduces 20 metric tons.

( sn. ) Expected: strong cash tin price since this year, according to statistics, at present the spot tin quotation in 12. 70000 yuan/tons, 19-month high, years rose more than 35%; The LME tin inventory only 4390 tons, equivalent to less than 5 global demand, by decreasing inventory and shortage of supply concerns, short-term spot tin is still upward momentum, expected this tin prices now.
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