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Tin tin review: subject to the dollar price pressure on brief callback

by:Deyuan      2020-12-23
【 Abstract 】 Inventory falling price support, evening tin outshine others closed up $135, Indonesia's decline in exports and reduce yield in China has been boosted prices rose nearly 32% this year, currently subject to a stronger dollar, today is tin dipped.

【 The futures market 】 Aaron tin inventory falling price support, evening tin outshine others, closed up $135 to $18800. Volume 485, 19324 holdings of an increase of 114 hands. Today Shanghai tin 1609 contracts opened 124610 main month 1370 yuan; 9:30 p. m. the latest price at 122560 fell 560 yuan; Stronger dollar suppression basic metals prices, short-term market sentiment, is expected to Shanghai tin weak finishing.

London metal exchange ( LME) 24, tin the latest inventory of 4570 metric tons, the previous trading day inventory reduced 60 tons.

( sn. ) Expect: due to the decline in exports in Indonesia and China tin tin production to reduce support prices rising, early spot tin has jumped by 32%; Since July 19, China to the environmental regulation of eight major provinces, result in refinery suspended or cut production, refinery affected output about 45% of China's annual production, now, this part of the refinery production most remain uncertain and production time. So in July and August, refined tin production decline will be more apparent, market outlook is expected to promote domestic tin spot prices continue to rise. Short-term suppression by a stronger dollar, now is the Shanghai tin of weak spot tin down slightly.
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