The trend of Shanghai and tin is strong this week, and the price is as high as 340760 yuan / ton before the contract is refreshed again. As the holiday demand of downstream enterprises weakens gradually next week, the increase in short-term supply will bring pressure on prices, but at this stage, the sustained low level of inventory still has a strong support for prices, so it is expected that the short-term trend will remain high and volatile.
Shanghai and tin showed a strong trend this week, with prices once again refreshing the contract high to a high of 318540 yuan / ton. From the perspective of financial performance, the strong rise in prices attracted only a small amount of capital, indicating that the market is still afraid of heights.
The trend of the main contract in Shanghai and tin is too volatile this week, and reached a new contract high on Friday (January 7). Domestic warehouse receipt inventory continues to increase steadily, as the current spot price is still discounted in the main contract price of the delivery month, the market is expected to be more willing to deliver.
This week, the trend of the main contract in Shanghai and tin is on the strong side, with the spot price rising in line with the market in the week, but the rising rate is less than the trend of the futures price, and the spot price in the week is discounted to the contract in recent months. At this stage, the fundamentals are still in a situation of weak supply and demand. This week, Shanghai-tin funds as a whole maintained a situation of increasing positions and only left the market on Friday (December 31) due to holiday factors. It is not difficult to see that prices hit a new high and restored the market heat.