[SMM Tin Weekly selection] Shanghai Tin 2203 shock strength this week, as of Friday's close, weekly cumulative price increase of + 1.46%, total position difference increase or decrease of-2655 hands. The price trend of Lunxi Synchronize was strong this week, closing at US $43950 / ton on Thursday, with weekly price volatility of + 0.68% as of press time. The Shanghai-Lun ratio fluctuated to around 7.57. As of Friday, Lunxi inventory 2370 tons, LMEcash contract to maintain a rise of about 141USD / t.
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.
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.
童心向党•礼赞百年 琅小启动 红色印记研学 之旅 yangtse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yangtse.com Daily Mail and Mail on Sunday newspapers.