Tin tin review: global supplies tighten day held steady

【 Abstract 】 Global equity markets boosted the price of the metal, the overnight tin rose $75; Global supply tightening support spot tin 36 years rise. 7%, the downstream demand is stable, performance is still strong, tin city tin material today now stabilized.

【 The futures market 】 Opec production cuts agreement sparked a global stock market rallied, also boosted commodity market sentiment, ended up in late London tin $75 to $20000, or 0. 38%, hit a new high since the middle of December 2004, turnover increases 347 hands of 54 hand, holdings 19854 hand cut 350 hands. So far this year Aaron tin rose 37. 5%. Today Shanghai tin low open, opened on main 1701 contract fell 127910 yuan, 620 yuan; Guiltless, latest price at 127910 yuan 140 yuan. Volume turn pale, today Shanghai tin or weak finishing.

London metal exchange ( LME） 29 tin the latest inventory of 3460 metric tons, inventory from the previous trading day unchanged.

（ sn. ） Expect: since this year the spot tin prices rose sharply, to rise up to 36 so far. 7%. Tin tin supply side contraction, upstream of the world's major production declining production, downstream demand is stable, low LME stocks in the eight years; Night Shanghai tin shock consolidation, main 1701 contract closed slightly rose 80 yuan. National Day approaching, the downstream businesses basic stock, today's spot tin or went sideways.