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Tin tin review: investors profit-taking price will fall

by:Deyuan      2020-12-23
【 Abstract 】 Jumped profit-taking as investors in the period of tin, tin London pressure drop fell 1. 19%; Failed to get the downstream essence demand spot tin rally fragile, short-term or a risk of falling.

【 The futures market 】 Jumped profit-taking as investors in the period of tin, tin evening Aaron consolidation down, down $220 to $18330, in late fall of 1. 19%; Volume 321, position 19916 an increase of 218 hands. Today Shanghai tin low open, first month 1609 opening price 123180 yuan down 1450 yuan, 9:30 p. m. 1609 contract latest offer for 123610 fell 1020 yuan; Shanghai tin market waiting for a new guide, days weak consolidation.

London metal exchange ( LME) 11, tin the latest inventory of 5070 metric tons, 10 metric tons more than the previous session inventories.

( sn. ) Expect: supply concerns underpinned recent tin, reduce, the international association for the study of tin said that the global demand for tin expected flat to slightly down this year. The tin in the downstream of supply and demand are light, failed to get the downstream essence demand spot tin rally fragile, short-term or have fall risk, material spot tin down today.
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