Page 4 - Tin Mining News Today : Breaking News, Live Updates & Top Stories | Vimarsana

[SMM Tin Weekly selection] Shanghai Tin 2203 shock strength this week, as of Friday's close, weekly cumulative price increase of + 1.46%, total position difference increase or decrease of-2655 hands. The price trend of Lunxi Synchronize was strong this week, closing at US $43950 / ton on Thursday, with weekly price volatility of + 0.68% as of press time. The Shanghai-Lun ratio fluctuated to around 7.57. As of Friday, Lunxi inventory 2370 tons, LMEcash contract to maintain a rise of about 141USD / t.

The trend of Shanghai and tin is strong this week, and the price is as high as 340760 yuan / ton before the contract is refreshed again. As the holiday demand of downstream enterprises weakens gradually next week, the increase in short-term supply will bring pressure on prices, but at this stage, the sustained low level of inventory still has a strong support for prices, so it is expected that the short-term trend will remain high and volatile.

The trend of Shanghai and tin is strong this week, and the price is as high as 340760 yuan / ton before the contract is refreshed again. As the holiday demand of downstream enterprises weakens gradually next week, the increase in short-term supply will bring pressure on prices, but at this stage, the sustained low level of inventory still has a strong support for prices, so it is expected that the short-term trend will remain high and volatile.

Shanghai and tin showed a strong trend this week, with prices once again refreshing the contract high to a high of 318540 yuan / ton. From the perspective of financial performance, the strong rise in prices attracted only a small amount of capital, indicating that the market is still afraid of heights.

The trend of the main contract in Shanghai and tin is too volatile this week, and reached a new contract high on Friday (January 7). Domestic warehouse receipt inventory continues to increase steadily, as the current spot price is still discounted in the main contract price of the delivery month, the market is expected to be more willing to deliver.