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Tin tin review: market supply shortage of support strongly

by:Deyuan      2020-12-23
【 Abstract 】 The dollar index was higher, the overnight tin weak consolidation fell $85, $20000 short-term there is still a support; After Shanghai stock market sentiment, tin or high and volatile, today Shanghai is expected to spot tin with rose slightly.

【 The futures market 】 Late rebound in the dollar limit the movements of base metals, tin performance between weak, closed down $85 to $20050, or 0. 42%; Volume 135 hand cut 63 hands, holdings to 20314 by 327. Today Shanghai tin on main 1701 contract opened 128890 yuan rise 710 yuan; 9:30 p. m. the latest price rose to 129180 yuan, 1000 yuan; Chinese traders after a week long holiday back buying, market sentiment recovered, today Shanghai tin or partial strong finishing.

London metal exchange ( LME) 10 tin the latest inventory of 3420 metric tons, the previous trading day inventory to reduce 25 metric tons.

( sn. ) Expected: the world tin city is still in short supply state, tin inventories in nearly eight years near the lows. Tin tin below support strong, today Shanghai rebound, expected to spot tin rose slightly.
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