SunSirs: Nonferrous Metals LME Tin and SHEF Tin Swung at Night

On December 23, the Tin Commodity Index was 72.80, 0.75 points higher than that of yesterday, 27.38% lower than the peak of 100.25 in the cycle (Sep 5, 2011), and 69.86% higher than the lowest point of 42.86 (Dec 9, 2015). (Cycle: Sep 1, 2011 to date)

The U.S. dollar index closed lower on the 23rd after rebounding again, but failed to rise five times in a row. Yesterday, the US dollar closed at 97.660, down 0.02%; US durable goods orders fell 2% month on month in November, expected to rise 1.5%, the previous value rose 0.5%; WTI crude oil futures rose 0.08 US dollars, up 0.13%, to 60.52 US dollars/barrel. Brent crude oil futures rose 25 cents, or 0.38 percent, to $66.39 a barrel in February. Affected by this, most of the metals in LME fell, with LME copper up 0.06%, LME aluminum up 0.36%, LME zinc down 2.68%, LME nickel down 0.83%, LME tin down 0.23%, LME lead down 0.88%; in the domestic market, SHEF gold up 0.4%, SHEF silver up 1.1%, SHEF copper up 0.14%, S SHEF aluminum up 0.07%, SHEF zinc down 1.41%, SHEF lead down 0.47%, SHEF nickel down 0.34%, SHEF tin up 0.9%, screw up 0.14%, stainless steel down 0.9%.

LME tin trend: Last night, the opening price of LME tin’s electronic dwask was $17,315 per ton, the highest one was $17,370 per ton, the lowest one was $17,175 per ton, the closing price was $17,245 per ton, the price decreased $40 per ton. The volume was 325 lots all day; Open interest was 16,780 lots, increasing 21 lots. The inventory was 7,380 tons, decreasing 10 tons.

SHEF tin trend: Last night, the opening price of SN2001 was 139,900RMB/tonon, the highest one was 140,340RMB/tonon, the lowest one was 139,380RMB/tonon, the closing price was 140,300RMB/tonon, the price increased 380RMB/tonon. The volume was 4,524 lots, the open interest was 34,978 lots, increasing 340 lots.

Market forecast: last night, LME tin 's consolidation trend was mainly around us $17,300/ton, and there was no clear direction guidance. As a whole, there is a downward space in the aftermarket. Today's spot tin market consolidation is mainly affected by this.

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