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Two light tin tin review: the market supply and demand weak

by:Deyuan      2020-12-23
【 Abstract 】 By a drop in oil prices, every Zhou Lunxi fell $60, the two weak spot market supply and demand, lack of positive factors, downstream strong wait-and-see mood, today Shanghai tin consolidate, material is tin with fell slightly.

【 The futures market 】 Concern about excess inventory down oil prices fell to a three-month low, commodity market sentiment, every other week inter metal is generally downward, tin ended down $50 to $17755; Shanghai tin on main 1609 contract today opening price 118080 yuan down 650 yuan, 9:30 p. m. 1609 contract latest offer for 117450 fell 1280 yuan; Lack the support of favorable factors today Shanghai tin weak consolidation.

London metal exchange ( LME) 22 tin the latest inventory of 6020 metric tons, inventory from the previous trading day unchanged.

( sn. ) Expected: short-term news surface co. , LTD. , the shipper offer firm and downstream cheap supply of goods is not much, buyers wait-and-see sentiment strong, tin, rare is expected today spot tin with other metals,
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