Yangtze River non-ferrous metal net
After midday today, the Shanghai tin contract rose slightly, with an opening price of 262200 yuan / ton, an intraday high of 266800 yuan / ton, a minimum of 259800 yuan / ton, a settlement price of 263210 yuan / ton, and a closing price of 260480 yuan / tonne.Americanlegionbingonearme.32%; Shanghai tin's main monthly contract turnover in 2406 was 132524 lots, with a position of 40235 lots, an increase of 3662 lots over the previous day.
Today's spot tin price trend: on May 7, ccmn Changjiang comprehensive tin price was 260500-263500 yuan / ton, the average price was 262000 yuan / ton, up 3600 yuan; today, Shanghai spot tin quoted 260000-264000 yuan / ton, the average price is 262, 000 yuan / ton, up 3, 750 yuan / ton compared with the previous trading day.
Ccmn tin market analysis: from a macro point of view, the expectation of Fed interest rate cut is heating up, industrial metal futures attract a large number of investment funds, and the time of resumption of production in Manxiang mining area has not yet been determined to affect the expectation of domestic supply contraction. In addition, the main uses downstream of tin mines are concentrated in integrated circuits, consumer electronics, household appliances, tin chemicals, photovoltaic cells, tinplate and lead-acid batteries. Domestic tablet shipments grew slightly to 1% in the first quarter, and the demand for replenishment in the industry improved. In addition, the domestic "trade-in" new policy guided the landing of consumer demand, and the market replenishment demand after the holiday was OK. Tin prices rebounded again after weak adjustment, and the spot market maintained a rigid demand for bargains, but it was still driven by macro factors, and the rebound space may be limited. The dollar index showed a relatively strong trend in early trading. Because the rise of the US dollar will lead to the relative depreciation of other currencies, thus causing the price of non-ferrous metals to rise under the denomination of other currencies, thus restraining the price of non-ferrous metals.AmericanlegionbingonearmeThe demand for non-ferrous metals. In addition, the rise in the dollar will make investors more likely to hold dollars rather than other assets such as non-ferrous metals, reducing investment demand for non-ferrous metals and causing prices of non-ferrous metals to fall. Operation strategy, short-term Shanghai tin above the 20-day moving average adjustment, it is recommended to wait patiently for more points, short-term Shanghai tin price high shock operation. This point of view is for reference only and does not provide trading guidelines.