MacroscopicallyPokergamesnearmeThe United States exceeded expectations.PokergamesnearmeThe inflation data led to a sharp drop in the Fed's expectations of a rate cut in June, postponing the expected date of the first rate cut from June to September. Fundamentals, the supply side, the mine side tight worry is even more serious; Yunnan and Jiangxi refining tin smelting enterprises operating rate dropped slightly, most smelters maintain stable production, but some areas have environmental inspection expectations; demand side, the downstream operating rate increased last week, but some pre-orders are expected, downstream enterprises are expected to have a large increase in short-term orders, but the arrival of the peak consumption season, demand is expected to be good. Spot, according to SMM: yesterday, terminal enterprises placed fewer orders, downstream enterprises still rigid demand to buy. Generally speaking, the uncertainty of tin ore makes it more likely that tin prices will continue to rise. In operation, it is suggested that SN2405 contracts should focus on short-term bargain-seeking and long-term thinking, and pay attention to the rhythm of operation and risk control.
Researcher: Cai Yuehui
Futures qualification number: F0251444
Futures investment consulting certificate number: 20013101
Assistant researcher: Li Qiurong
Futures qualification number: F03101823
Disclaimer
The information in this report is derived from publicly available information. Ruida Futures Co., Ltd. strives to be accurate and reliable, but does not guarantee the accuracy and completeness of such information, and therefore invests accordingly and assumes its own responsibility. This report does not constitute personal investment advice, the client should consider whether any comments or recommendations in this report are in line with their specific conditions. The copyright of this report is only owned by our company, and no organization or individual may reproduce, reproduce or publish it in any form without written permission. If quoted or published, the source shall be indicated as the research institute of Ruida Futures Co., Ltd., and this report shall not be quoted, abridged or modified contrary to the original intention.