SunSirs: London Tin and Shanghai Tin Narrow Finishing

On May 24, the commodity price index BPI was 729 points, which was the same as May 23, a 28.46% decrease from the highest point in the cycle of 1,019 points (2012-April-10), and an increase of 10.45% from the lowest point of 660 points on February 03, 2016. (Note: The period refers to 2011-December-01 to present).

The tin commodity index on May 24 was 69.73, which was the same as May 23, and was 30.44% lower than the highest point in the cycle of 100.25 points (2011-09-05) and 62.69% higher than the lowest point of 42.86 points on December 09, 2015. (Note: Period refers to 2011-09-01 to present).

The US dollar index rose 0.37% to 99.7794; the offshore RMB fell 0.22% against the US dollar, and USDCNH reported 7.1492; the government work report: this year ’s deficit rate is planned to be arranged at more than 3.6%, and the scale will increase by 1 trillion yuan compared with last year. The 100 million yuan anti-pandemic special national debt; NDRC and other six departments jointly issued the 'Implementation Opinions on Creating a Better Development Environment to Support the Healthy Development of Private Energy-Saving and Environmental Protection Enterprises', proposing 12 policies and measures to support the healthy development of private energy-saving and environmental protection companies.

Last Friday, LME metal floated green, copper fell about 1.6%, aluminum fell about 1.2%, nickel fell about 1.1%, lead fell about 0.4%, tin fell about 0.1%, zinc rose about 0.8%; Chinese futures market was mixed, Shanghai nickel fell about 1.5%, copper fell about 0.6%, aluminum fell about 0.1%, zinc rose about 0.1%, lead rose about 0.5%, tin rose about 0.8%.

The trend of London tin: The LME electronic market opened last Friday at US $ 15,340 / ton, with a maximum of US $ 15,450 / ton and a minimum of US $ 15,150 / ton, closing at US $ 15,380 / ton, down by US $ 20 / ton. 319 lots were traded, 16,910 lots were held, an increase of 85 lots. 3,330 tons of inventory, a reduction of 80 tons.

The trend of Shanghai tin: The Shanghai 2007 tin main contract opened on Friday at 132,700 yuan / ton, with a maximum of 134,600 yuan / ton, a minimum of 132,220 yuan / ton, and a closing price of 134,400 yuan / ton, up 2690 yuan / ton. There were 27,713 lots traded and 26,542 lots held, a decrease of 1,645 lots.

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