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Tin tin review: bulging inventories suggests that market demand price pressure

by:Deyuan      2020-12-25
【 Abstract 】 Last week, dragged down by poor macroeconomic data Aaron tin has weak dropped 4%, Shanghai tin stock soared 102% on Friday, its high, since the varieties listed this week tin or under pressure, material today now tin co. , LTD.

【 The futures market 】 Global mixed economic data released last week, disadvantaged consolidation, tin tin in fell more than 4% last week, the latest closing price of $16715; Shanghai tin low open today, opening price 106000 yuan down 550 yuan from 1605 contracts, 9:30 p. m. 1605 contract latest quotation for the 106500 fall 50 yuan. Short-term support factor is insufficient, Shanghai tin or continuation of consolidation this week.

London metal exchange ( LME) 13 the LME tin the latest inventory of 6425 metric tons, inventory increase than the previous trading day 100 metric tons.

( sn. ) Expect: Friday Shanghai tin stock soared 102% to 4488 tons, its highest point since the varieties listed, or implied in the domestic market demand, is expected to days Shanghai tin consolidation is given priority to, expected this spot tin co. , LTD.
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