Tin price declined on June 14

On June 14, the mainstream quotation range of 1\tin ingot in the domestic spot tin market was 242500-246500 yuan / ton, with an average price of 244500 yuan / ton, down 8250 yuan / ton compared with the previous trading day.

 

On the 14th, Shanghai tin fell. In the morning, the non-ferrous metal market was generally under pressure, with Shanghai tin and Shanghai nickel leading the decline. The main reason was that the US dollar index continued to soar last night, rising to the highest point in nearly 20 years. The sharp fall in US stocks seriously affected the market mentality. Today, the non-ferrous market is generally under pressure, and the affected price of Shanghai tin has been significantly lowered. In terms of fundamentals, on the evening of the 13th, Tin Industry Co., Ltd. announced that it would carry out shutdown and overhaul for about 50 days on the 16th, which is expected to affect a large domestic production. However, the good news has been basically digested because the market has released the news of shutdown in the early stage. In the downstream, the overall demand performance is average, and the overall market performance is weak. Therefore, the trend of tin price today is greatly affected by the futures market, and it is expected that the future market will remain weak.

Gamma Polyglutamic Acid

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>