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Tin tin review: market continued tight today price stabilization

by:Deyuan      2020-12-25
【 Abstract 】 Gradually digested by the market, the recent good news late crude oil fell to base metal pressure, London tin ping, tin supply remains tense support spot prices recently, now is the spot tin held steady.

【 The futures market 】 Late news gradually digested by the market, a stronger dollar and crude oil prices return to shock weigh on commodities, London tin closing held steady at $16650; Today Shanghai high tin, first month 1605 opening price of 113960 yuan in 1560 yuan, 9:30 p. m. 1605 contract latest offer for 112050 fell 350 yuan; Today Shanghai tin in early downward adjustment, but supported by the Chinese data, is expected to Shanghai tin fell space is limited.

London metal exchange ( LME) 14 the LME tin the latest inventory of 4730 metric tons, the previous trading day inventory to reduce 110 metric tons.

( sn. ) Expected: news producer tin inventories have fallen to their lowest level since last 15 years, the market continued supply tight support prices, is expected to spot tin steady today.
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