Home / Metal News / Tin / [brief comment on tin in SMM period] Multi-empty forces have left the field one after another to maintain the concussion pattern in Shanghai.
[brief comment on tin in SMM period] Multi-empty forces have left the field one after another to maintain the concussion pattern in Shanghai.
Oct 29,2019 17:21CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 29 Oct:

Shanghai main tin 2001 contract last night after the opening of 139110 yuan / ton, the beginning of the session quickly fell to last night's low of 138690 yuan / ton, and then until the end of the night Shanghai tin overall maintained at 138900 yuan / ton below the daily average near shock finishing. After the opening of 138800 yuan / ton in early trading today, due to the departure of both long and short sides, Shanghai tin remained in the vicinity of 138500 yuan / ton shock finishing, and finally closed at 138540 yuan / ton, down 480 yuan / ton, down 0.35%. The trading volume was 22322 hands, the position volume was 40488 hands, and the number of hands was reduced by 686 hands. Today, Shanghai tin closed with a small negative line, the physical part is located near the 10-day moving average, below by the 5-day moving average support, Shanghai tin is expected to support below the 20-day moving average of 137500 yuan / ton.

2019 (9th) 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

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn