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[brief Review of Tin in SMM] long and empty Power interweaves Xi first and then Yang in Shanghai
Oct 8,2019 17:10CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 8 Oct:

Shanghai tin main force 2001 contract opened 135040 yuan / ton early trading today, due to long departure and short positions during the morning to noon due to the impact of the center of gravity down, the lowest down to 133720 yuan / ton. In the afternoon, as the short closed out of Shanghai, tin hit the bottom and quickly rose to the high end of the day, 135640 yuan / ton, and finally closed at 135260 yuan / ton, up 460 yuan / ton, up 0.34%. The trading volume was 16286 hands, the position was 37752 hands, an increase of 162 hands. Today, Shanghai tin overall showed a trend of first suppression and then rise, closed with a small positive line, the lower shadow line is longer, the physical part is located near the 40-60 day moving average, the upper shadow line is under pressure in the 5-day moving average, and it is expected that the support below Shanghai tin is located at 134000 yuan / ton. The upper resistance is near the 10-day moving average of 136500 yuan / ton.

2019 (Ninth) Tin Industry chain Trading Summit

In the first half of 2019, the supply at the end of the mine remained in a tight equilibrium state. Under the influence of China's overall economic situation and the factors of the Sino-US trade war, market demand has declined compared with the same period last year, the process of de-inventory in the market has been slow, and the tin city as a whole has maintained a state of weak supply and demand. On the outside side, Indonesian tin ingot exports rose 43 per cent in April from a year earlier, coupled with a sharp increase in Chinese refined tin exports from January to April. At one point, the inventory of Lunxi rose to 6305 tons, and the trend of Lunxi was under pressure. Where will tin prices go in the future? Will the continued decline in tin prices affect the enthusiasm of miners to ship goods, thus aggravating the pattern of tight supply at the end of the mine? When will downstream demand recover? Will the development of 5G become a new growth point of tin demand? The 2019 (9th) Tin Industry chain Trading Summit invites you to explore the mysteries of Tin City.

Highlights of the meeting:

Schedule of meetings:

Thursday, November 7, morning

Thursday, November 7th, in the afternoon.

13: 30-13: 35 opening address of the General Assembly

13: 45-14: 35 2019 Global macroeconomic situation and commodity investment opportunities

Trends and supply Forecast of Tin Market at Home and abroad from 14: 35 to 15: 10

15: 10-15: 40 tea break communication

15: 40-16: 20 2019-2020 Hot spots in China's Tin Market and Future Forecast

Risk Management of Futures hedging Business from 16: 20 to 17: 00

18: 00-20: 00 reception dinner

Friday morning November eighth

Analysis on the present situation and Technical Application Development trend of 09: 00-09: 40 Solder Industry

Application Progress of Tin anode Materials for Lithium Ion Battery from 09: 40 to 10: 20

Consumption and Investment Prospect of Tin in Semiconductor Industry from 10: 20 to 11: 00

New trend of Tin Terminal consumption in 11: 00-11: 40 5G era

12: 00-13: 30 buffet lunch

14: 30-16: 30 physical visit

Closing of the General Assembly

Scan the QR code below to sign up for the tin summit

 

A brief comment on Xi

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