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[brief Review of SMM Tin] bulls dominate the decline of Xichong High in Shanghai
Oct 14,2019 17:13CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 14 October:

Shanghai tin 2001 contract on Friday night after the opening of 136480 yuan / ton, the beginning of the session to a night high of 137230 yuan / ton after the rapid decline to a daily low of 136050 yuan / ton after a small rise, and then until the end of the night Shanghai tin overall maintained at 136300 yuan / ton shock finishing. After the opening of 136340 yuan / ton in early trading today, affected by the rise of Lunxi Changyang on Friday, Shanghai tin quickly rose to a daily high of 138050 yuan / ton and maintained a horizontal arrangement near 137700 yuan / tonne. At the end of the session, due to the long profit-taking, the Shanghai tin came under pressure, and finally closed at 137220 yuan / ton, up 1070 yuan / ton, or 0.79%. The trading volume was 36828 hands, the position was 40192 hands, an increase of 1324 hands. Today, Shanghai tin closed with a positive line, the physical part above the pressure on the 20-day moving average, the bottom by the 5-day moving average support, the lower shadow line to the 10-day moving average near, it is expected that the resistance above the 20-day tin moving average is near 137500 yuan / ton, and the lower support is near the 10-day moving average of 136000 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

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