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[brief Review of SMM Tin] bulls left the market. Tin in Shanghai fell sharply by more than 2500 yuan / ton.
Oct 21,2019 16:47CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 21 Oct:

Shanghai tin main force 2001 contract on Friday night by the sharp decline in Lunxi to 139500 yuan / ton jump low open, then the bulls left Shanghai tin fell to a night low of 138100 yuan / ton after a small recovery, and maintained at 138500 yuan / ton near the low consolidation. After the opening of 138570 yuan / ton in early trading today, the bulls left the market again. Shanghai tin fell to a daily low of 137030 yuan / ton, and finally rose to 137980 yuan / ton, down 2550 yuan / ton, or 1.81%. The trading volume was 45534 hands, the position was 40212 hands, and the number was reduced by 2754 hands. Today, Shanghai tin is generally under pressure below the daily moving average, affected by the long departure of the position has been greatly reduced, it is expected that the support below the Shanghai tin moving average is located at 137000 yuan / ton on the 20th.

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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