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[selection of SMM Weekly report] the discount rose in a concussive trend during the tin week in Shanghai compared with that of last week.
Sep 19,2020 11:32CST
translation
Source:SMM
[SMM Weekly selection] the center of gravity moved down as a whole at the beginning of this week compared with last weekend, showing a concussive situation during the week. This week's futures were suppressed by the dollar, at a low position in a month, spot prices above the pressure is greater, a slight rise, demand will react fiercely, trading reduced. Last Friday, the transaction was positive, there was a little reserve downstream, and the transaction was general at the beginning of the week. Thursday belongs to the low of the week, and there is a decrease in inventory downstream, so the transaction is better. Due to the small brand price hesitation to sell, there is a small brand price gradually close to the cloud word, to Friday the two prices have narrowed to less than 500 yuan / ton.
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"SMM Tin Industry chain Weekly report" is released. SMM will select hot topics, prices, quotations or major changes in the industry chain and release information for your reference.

The following is an excerpt from the weekly report of SMM tin industry chain:

 

At the beginning of this week, the center of gravity moved down as a whole compared with last weekend, showing a concussion trend during the week. This week's futures were suppressed by the dollar, at a low position in a month, spot prices above the pressure is greater, a slight rise, demand will react fiercely, trading reduced. Last Friday, the transaction was positive, there was a little reserve downstream, and the transaction was general at the beginning of the week. Thursday belongs to the low of the week, and there is a decrease in inventory downstream, so the transaction is better. Due to the small brand price hesitation to sell, there is a small brand price gradually close to the cloud word, to Friday the two prices have narrowed to less than 500 yuan / ton. The rising discount is higher than that of last week. Yunxi Shengshui is more stable, and the small brand rising discount is close to Yunzi. On Friday, the set price of Yunxi, the 2011 contract for Shanghai tin futures, rose about 1500 yuan / ton, and Yunzi level water rose to 500yuan / ton, near the small brand level water.

 

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