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Tin tin review: supply tightening is expected to support the spot prices higher

by:Deyuan      2020-12-23
【 Abstract 】 U. S. stocks rallied to boost commodity market sentiment, lie between Zhou Lunxi up $150 to new highs this month, by tightening supply support, short-term sentiment tin city good, now is the Shanghai tin of strong material tin rose now.

【 The futures market 】 By oil prices soared and energy stocks firmed, the U. S. stock market closed higher on Friday, commodity market sentiment for support, Aaron tin closed up $150, the latest closing price of $16650, up to 0. 9%; Today Shanghai high tin, first month 1605 opening price of 106520 yuan in 400 yuan, 9:30 p. m. 1605 contract latest offer to 108680 yuan, 2560 yuan; Shanghai stock market sentiment so warm today, Shanghai tin or high drive away.

London metal exchange ( LME) 8 the LME tin the latest inventory of 4795 metric tons, the previous trading day inventory to reduce 80 metric tons.

( sn. ) Expected: today Shanghai tin market strong, spot prices by tightening supply expected support, short-term performance is good, is expected to spot tin following futures rose today.
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