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Tin tin review: a drop in oil prices drove commodity prices Aaron fell momentum

by:Deyuan      2020-12-23
【 Abstract 】 Stocks rose unexpectedly drag down the price of crude oil fell for 4, overnight base metal under pressure, Aaron 1 tin drop. 23%, the global economic outlook is not good, two weak overall supply and demand, the market at present is expected today spot tin has a downside risk.

【 The futures market 】 Evening API inventories rose unexpectedly weigh on prices, since years since high oil prices on Tuesday for a fourth consecutive trading day down, overnight base metal under pressure, Aaron tin fell $210 to $16855, down to 1. 23%; Today Shanghai tin first month 1609 opening price of 112000 yuan in 450 yuan, guiltless, 1605 contracts the latest quotation for 111410 fell 140 yuan; Britain withdrew the uncertainty for global investors, days after the Shanghai tin or weak consolidation.

London metal exchange ( LME) 14, tin the latest inventory of 6435 metric tons, the previous trading day inventory to reduce 120 metric tons.

( sn. ) Is expected: global economic outlook is not good, short-term supply and demand both sides wary of tin city, volume is quite thin, Shanghai tin after yesterday hit a two-month high or consolidation requirements, now is the spot tin co. , LTD.
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