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Tin review: the G20 summit on commodity market waiting for a new direction

by:Deyuan      2020-12-23
【 Abstract 】 Supported by the dollar down, evening tin dip rebounded closed up $85, short-term market after the evaluation of the G20 summit to the effects of commodities, days after the Shanghai tin or consolidation, tin material is slightly lower.

【 The futures market 】 U. S. non-farm payrolls figures released by the weaker than expected the dollar index, a dollar fell back in the evening, Aaron tin recovery after dip, late closed at $19385, up $85, volume 242, 19917 holdings hand cut 303 hands. Today Shanghai tin on main 1701 contract opened 128780 yuan rise 340 yuan; 9:30 p. m. the latest price at 127060 fell 1380 yuan; The news is relatively light, today Shanghai tin or weak consolidation.

London metal exchange ( LME) 5, tin the latest inventory of 4460 metric tons, inventory from the previous trading day unchanged. Now Aaron to low tin inventory for six months.

( sn. ) Short-term market is expected: the G20 summit, after the evaluation of the G20 summit to the effects of commodities, within Shanghai tin or consolidation, spot tin slightly today.
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