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Tin review: the federal reserve to raise interest rates uncertainty tin confined to weaken

by:Deyuan      2020-12-23
【 Abstract 】 Aaron tin declining inventories low nearly four months, supported tin overnight up $60, prospects for the fed to raise interest rates still exist uncertainty, strong wait-and-see mood, the market is expected to spot tin dipped today.

【 The futures market 】 Aaron tin inventory decline in a row, the inventory under five thousand metric tons, its low since the end of April, tin supported recent strong performance, London tin closed at $18340, up $60, up to 0. 33%; Volume 225, 20490 holdings of an increase of 795 hands. Shanghai tin on main 1609 contract today opening price 122920 yuan down 270 yuan, 9:30 p. m. 1609 contract latest offer for 122350 fell 840 yuan.

London metal exchange ( LME) 17 tin the latest inventory of 4920 metric tons, the previous trading day inventory to reduce 25 metric tons.

( sn. ) Expected, although the fed meeting minutes less than expected in July, hawks but says some fed officials may will raise interest rates in September, the earliest a stronger dollar or drive the market negative emotions, today Shanghai tin confined to weaken, is expected to spot tin down slightly.
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