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Tin tin review: Indonesia on July exports plummeted trigger supply concerns supported tin

by:Deyuan      2020-12-23
【 Abstract 】 Dollar rise continuously hit commodity prices, late tin fell 1. 06%; Indonesia refined tin exports, is both a sharp drop in from July sparked fears, short-term supported tin, tin material today is rising.

【 The futures market 】 Us jobs data to enhance the strong U. S. economy to accelerate growth expectations and continuation of a strong dollar, commodity prices are under pressure, Aaron tin since highs a year and a half in the evening, closed down $195, the latest closing price to $18155, down to 1. 06%; Shanghai tin on main 1609 contract today opening price 121300 yuan rise 510 yuan, 9:30 p. m. 1609 contract latest offer for 121360 up to 570 yuan; Today Shanghai tin is expected to maintain a strong trend.

London metal exchange ( LME) 8, tin the latest inventory of 5270 metric tons, the previous trading day inventory to reduce 180 metric tons.

( sn. ) Expect: Indonesia's ministry of trade, according to data released latest Indonesian exports in July 3313. 5 tons of refined tin exports from June 7651. 84 tons, sharply reduced by 57%, down 48% from a year earlier. Indonesia is the world's largest exporter, is the refined tin exports, is both a sharp drop in from July sparked fears, short-term supported tin, tin material today is rising.
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