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Tin review: strong wait-and-see mood, tin consolidation is given priority to

by:Deyuan      2020-12-23
【 Abstract 】 Oil prices rose on Friday to support the commodity prices, Zhou Lunxi closing stabilization, data this week surface is relatively flat, Shanghai tin or consolidation, downstream strong wait-and-see mood, is expected to spot tin fell today.

【 The futures market 】 After stronger-than-expected data released in the us, crude oil prices higher, every Zhou Lunxi price supported late held steady at $18000; Shanghai tin on main 1609 contract today opening price 120330 yuan rise 1430 yuan, 9:30 p. m. 1605 contract latest offer for 117740 fell 1160 yuan; Data this week surface flat, Shanghai tin or give priority to with consolidation.

London metal exchange ( LME) 15, tin the latest inventory of 5995 metric tons, the previous trading day inventory reduces 20 metric tons.

( sn. ) Expected: the largest oil consumer the United States macroeconomic in continuous improvement in recent months, helped the market sentiment, drives the rise in oil prices, but the gains are limited by market oversupply, limited short-term positive factors, downstream strong wait-and-see mood, tin or return to the consolidation, is expected to spot tin fell today.
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