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Tin tin review: Aaron inventory repeatedly refresh low prices rose about 38% during the year

by:Deyuan      2020-12-23
【 Abstract 】 Late rebound in oil prices to support basic metals prices, Aaron tin remain high closed up 1. 36%; Burma's tin production sharply worries supply tightening rise further, today's spot tin is expected to go higher.

【 The futures market 】 Opec have their expectations and the United States API oil inventories unexpectedly fell to support oil prices rebound, commodity prices get a lift in the evening, tin high stabilization, and the latest closing price quote $19710, up $265, up to 1. 36%; Volume increase 53 hands, 247 holdings to 19822 by 605. Today Shanghai tin on main 1701 contract opened 129160 yuan rise 830 yuan; Guiltless, latest price rose to 128850 yuan 520 yuan. Concerns about tin supply drop, today Shanghai tin or rebound.

London metal exchange ( LME) 18, tin the latest inventory of 3030 metric tons, the previous trading day inventory to reduce 220 metric tons.

( sn. ) Expect: threatened by supply tightening expectations, since this year, tin price rising, in the first three quarters of this year, tin rose 37. Tin rose 5%, Shanghai 37. 37 5% and spot tin rise. 5%; Aaron tin repeatedly refresh low inventory, and the Burmese tin production sharply worries supplies tighten further increased, the downstream stock increased enthusiasm; Days Shanghai tin rebound rise, spot tin price to rise is expected today.

【 Tin city information 】 Indonesia in January 2014, to formulate and implement undressed ore export bans, Indonesia undressed ore export ban took effect, raw ore shall not be exported, mining companies in Indonesia must be behind the local smelting and refining to exports. Indonesia reduced production and export of limited, a large number of reduced the supply of tin in the international market. Since 2012, Indonesia refining production continues to decline, by 2015, a drop of up to 15. 5%.
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