[brief comment on tin in SMM period] the overall stability of the center of gravity after rapid return to the center of gravity after the lower support of tin in Shanghai period

Published: Oct 10, 2019 17:03

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SMM, 10 October:

Shanghai tin main force 2001 contract last night after the opening of 136770 yuan / ton, the beginning of the session rose to a night high of 137280 yuan / ton, and then until the end of the night Shanghai tin overall showed a concussive downward trend. After the opening of 136370 yuan / ton in early trading today, it fell to a intraday low of 135350 yuan / ton and then hit bottom and rose all the way up. Finally, it closed at 136670 yuan / ton, down 260 yuan / ton, or 0.19%. The trading volume was 27984 hands, the position was 39248 hands, and the number was reduced by 44 hands. Today, Shanghai tin closed with a cross star, the lower shadow line is long near the 5-10 moving average, below by the 40-60 day moving average support, Shanghai tin support is expected to be around the 40-60 day moving average of 135000 yuan / ton, the upper resistance is around the 20-day moving average of 137800 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. "Click to sign up for this summit.

Meeting schedule

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

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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