Futures market: The rise in international oil prices led to bulk commodities, and Lunxi closed 1.87% higher overnight; Lunxi's latest closing report was 33810, an increase of 620 dollars or 1.87% over the previous trading day, with 430 deals, 388 fewer than the previous trading day; Domestically, Shanghai tin futures opened up at a low price in the evening trading, and ended up in shock. Main contract Shanghai Wuxi 2406 closed at 275780 yuan/ton, up 1590, or 0.58%.
London Metal Exchange (LME) had 4920 tons of inventory on May 16, down 95% from the previous trading day.
Changjiang Tin Online News: Today, the opening of Shanghai Tin Futures was mainly low. The opening of the main 2406 contract fell 1670 at 272520 and rose 1480 at 9:10 at 275670; Shanghai tin opened high and maintained a narrow range of volatility; Macroscopically, the US dollar index has rebounded from the decline, and the disk rise of non-ferrous metals has slightly converged; Indonesia's refined tin exports fell month on month, and domestic downstream tin solder orders maintained a good momentum, but the market demand was afraid of high and the trading was light. LME Lunxi's short-term inventory accumulated significantly, and Shanghai tin was cautious in tracking the rise, and now tin is expected to rise slightly.
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