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Tin tin review: China's slowing demand ShiYi down hard up

by:Deyuan      2020-12-23
【 Abstract 】 The federal reserve to raise interest rates expected rising weigh on prices, London tin weak turbulence fell $20, China tin slowing imports in April showed weak domestic market demand, China's consumption off-season arrival, tin, or down to up.

【 The futures market 】 On Tuesday April U. S. new home sales hit a record since 2008, enhance investor confidence in the economy, also push up the expected to raise interest rates, the fed years hit commodity prices, most overnight international metal tumbled, tin weak turbulence, and late fell $20, the latest closing price of $15645; Shanghai tin on main 1609 contract today opening price 104800 yuan down 250 yuan, guiltless, 1605 contracts the latest quotation for 105280 yuan rise 230 yuan; Short-term market sentiment, Shanghai tin or continue weak consolidation.

London metal exchange ( LME) 25 the LME tin the latest inventory of 6980 metric tons, inventory increase than the previous trading day 95 metric tons.

( sn. ) Expected: Aaron tin inventory recent rise continuously, the tin inventory of 6980 metric tons, and high in nearly nine months; Despite the previous tin inventories fell last week, but the total stock of 4079 tons still historically high, compared with last year, 773 tons of low, since this year the Shanghai tin inventories rose by 428%; China tin slowing imports in April showed weak domestic market demand, with the advent of domestic consumption off-season, tin might still face downward pressure. Shanghai tin consolidation today, is expected to spot tin retreated.
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