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[brief Review of SMM Tin] Shanghai Tin has stabilized after breaking the 140000 gate.
Oct 18,2019 18:51CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 18 October:

Shanghai tin main force 2001 contract last night 140500 yuan / ton skydiving high opened, the beginning of the session quickly rushed up to a daily high of 141790 yuan / ton after bearing the pressure to fall back. After the opening of 140770 yuan / ton in early trading this morning, it generally maintained a narrow consolidation near 140500 yuan / ton below the daily average, and finally closed at 140530 yuan / ton, up 910 yuan / ton, or 0.65%. The trading volume was 53558 hands, the position volume was 42966 hands, and the number of hands was reduced by 442 hands. Today, some of the long positions profit-taking, Shanghai tin high after the center of gravity slightly down, to cross star line closing, stabilized above 140000 yuan / ton. The resistance above tin in Shanghai is expected to be around 142000 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 Xi

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