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Tin tin review: the rise in oil prices boost market sentiment stabilized price movements

by:Deyuan      2020-12-23
【 Abstract 】 International oil prices boosted commodity market sentiment, night Aaron tin high steady closed up 1. 31%; Aaron tin stocks plunging, the current prices below support strong, now is the spot tin is still expected to rise further.

【 The futures market 】 Opec members informal meeting next week in Algeria, is likely to discuss measures to stable oil market, such as reduced production news higher oil prices, commodity market sentiment to get a boost, London tin high stabilization, closed up 1. Latest closing price 31%, reported 19350 dollars; Volume 193, 20672 holdings of an increase of 166 hands. Today Shanghai high tin, 1701 contracts opened 124680 main month 700 yuan; Latest at 9:30 p. m. 124550 rose 570 yuan; Short-term remained below support, is expected today Shanghai tin remain strong.

London metal exchange ( LME) 19, tin the latest inventory of 3825 metric tons, the previous trading day inventory reduces 10 metric tons.

( sn. ) Expected: Aaron tin stocks plunging, the inventory level for more than half a year lows, tin to get support, days after the Shanghai tin high consolidation, spot tin were up slightly.
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