Tin: Overnight, SHFE tin opened higher and closed at around 188,000 yuan/mt. Large amounts of capital flowed out of the market. Domestic tin inventory increased significantly due to delivery of SHFE 2211 tin contract. Spot discounts expanded. LME tin inventories increased slightly. Overseas premiums rose again, thus import profit may decline. Given stable supply-demand balance, poor spot market and capital outflows, SHFE tin may pull back.
Under national security concern, many country is expanding semiconductor capacity, integrated and localized supply chain to meet each demand rather than depending on import and abort centralize on Taiwan/korean.
Tin demand will increasing to meet global decentralize and expanding semiconductor
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Bullbursa
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Posted by Bullbursa > 2022-11-16 09:25 | Report Abuse
tin +8% ...above rm2 today