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Tin review: the fall in the dollar support tin benefit higher

by:Deyuan      2020-12-25
【 Abstract 】 Non-farm payrolls data than expected as a drag on the dollar fell to a three-week low, every other week benefits base metals, tin rose 1. Lack the support performance weak consumption in 72%, tin city outside dish, expected this tin rose slightly.

【 The futures market 】 The United States may create jobs for more than five and a half years to a minimum, because of manufacturing and construction jobs cuts. 3 increase in non-farm jobs last month. 80000, well below economists forecast the increase of 16. 40000, dragged down by weak data, the dollar index fell 1. Low 5% to three weeks, every other week metal prices boosted broadly higher, tin rose 1. 72% to $16520. Today Shanghai high tin, first month 1609 opening price of 108170 yuan in 470 yuan, guiltless, 1605 contracts the latest quotation for 109200 yuan rise 1500 yuan; Shanghai tin or partial strong consolidation today.

London metal exchange ( LME) 3, tin the latest inventory of 7155 metric tons, the previous trading day inventory to reduce 215 metric tons.

( sn. ) Expected: Aaron tin inventory work in the continuous increase of 11 last Friday fall in the future, but the current inventory is still close to nine months. Domestic market off-season factors significantly, the market demand for weak, expected short-term tin above space is limited, is expected to spot tin edged up today.
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