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Tin tin review: concerns about the dollar to rise further, sentiment

by:Deyuan      2020-12-23
【 Abstract 】 The federal reserve to raise interest rates expected rising, sparked worries about the dollar will rise further, London tin in 2. The lowest 46% to $16050 in two and a half months, this tin now or have to fall.

【 The futures market 】 While the fed raising interest rates expected to heat up, investors are still to confirm whether the fed will take action in the summer, the dollar continued, supported by the higher interest rates expected performance is roughly stable, night fell $0. 1%, but still wandering in the two months since highs; 2 London tin tumble. Latest closing price 46%, the lowest $16050 hit a two and a half months; Shanghai tin on main 1609 contract today opening price 104860 yuan down 1380 yuan, 9:30 p. m. the latest quotation for 105200 yuan down 1605 1000 yuan; Poor short-term fundamentals, today Shanghai tin or weak consolidation.

London metal exchange ( LME) 23 the LME tin the latest inventory of 6810 metric tons, inventory increase than the previous trading day 75 metric tons.

( sn. ) Expect: according to Beijing on May 23, April China import refined tin and alloys in half from a year earlier, to 564 tons. Poor data on market sentiment, coupled with the high dollar and a drop in oil prices, the recent popularity was cautious tin city, tin or easy to fall in the short term is difficult to rise, today Shanghai disadvantaged consolidation, tin material spot tin to fall.
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