pokerstore| Yangtze River Nonferrous Metals: Tin prices rose on the 26th, stocking up before the festival, and market conditions tended to be light at the end of the holiday

The trend of Shanghai and tin after midday todayPokerstoreToday, the Shanghai tin contract rose by about 2406, with an opening price of 265070 yuan / ton, an intraday high of 265300 yuan / ton, a minimum of 257660 yuan / ton, a settlement price of 261680 yuan / ton, and a closing price of 263170 yuan / ton, an increase of 7 160 yuan, or 2%Pokerstore.8%; Shanghai tin's main monthly contract turnover in 2406 was 241428 lots, with a position of 52372 lots, a decrease of 1470 hands compared with the previous day.

Today's spot tin price trend: April 26th ccmn Changjiang comprehensive tin price is 257900-260900 yuan / ton, the average price is 259400 yuan / ton, up 5400 yuan; today Shanghai spot tin price 257250-261250 yuan / ton, the average price is 259,250 yuan / ton, up 5250 yuan / ton compared with the previous trading day.

Ccmn tin market analysis: macroscopically, the economic data released last night surprised the market. The actual initial GDP of the United States in the first quarter was only 1.6%, the lowest level in two years and well below market expectations of 2.5%. At the same time, the core inflation data showed solid, which led to increased market expectations of interest rate cuts. Fears of stagflation in the US economy intensified, with the dollar index falling after the data, while the non-ferrous metals market generally closed higher. Driven by the rising trend of Lunxi, Shanghai tin continues to operate at a high level, the main overseas tin production contribution mine Manxiang tin mine has not yet resumed production, global raw materials and tin ingots are worried about supporting prices, and the growth of global electronic consumption is expected to heat up and pull up tin prices. after a brief pullback on the tin weekly line, prices went up again. As prices rebounded today, the jump of market inquiry activity decreased and the shipping pressure of traders increased. Domestic replenishment before May Day is basically coming to an end, overall market performance tends to be light, operation strategy: overrun risk is still worthy of attention, careful participation before the festival, short-term tin price continues to be strong. This point of view is for reference only and does not provide trading guidelines.