This week, the spot tin market price (10.8-10.14) fell in shock. The average price in the domestic market was 185460 yuan/ton last weekend and 181910 yuan/ton this weekend, with a weekly drop of 1.91%.

The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall. It can be seen from the above figure that the tin price will continue to weaken after April 2022, with only partial weekly price increases, and the increase is relatively low. The overall trend is mainly downward.

Futures market situation this week

Variety., closing price., compared with the same period of last week., inventory volume (ton)., compared with last week’s inventory change (ton)

Shanghai tin, 181980 yuan/ton, – 1560 yuan/ton, 2754.,+1132

London tin, 19920 dollars/ton,+515 dollars/ton, 4575.,+5

The futures market mainly declined this week, and Shanghai Tin fell 0.3% this week. After the festival, Shanghai Tin opened lower due to the weakness of the external market. The price rebounded slightly in the middle of the week, and then fell in shock. During the holiday, the international macro news fluctuated frequently. The crude oil rose for five consecutive days. The market worried about the US economic recession. The US dollar index fell for two consecutive days. The LME metal market was mixed. Driven by the rise of the oil sector, the atmosphere in the domestic futures market is generally optimistic. The trend of the nonferrous metal market is relatively divergent in the week, and Lunxi has stopped falling and stabilized.

The spot market followed the trend of Shanghai Tin this week. The overall trend was volatile and downward. The overall fluctuation range was small, around 4000 yuan/ton. In terms of the market, the market quotation at the beginning of the week was cautious, the overall transaction was average, and the atmosphere in the factory was cold. After the festival, the market will maintain just in need of procurement and have a certain purchase intention. Fundamentally speaking, the support of overseas demand in the near future is weak, the sales of tin terminal consumer goods, electronics, household appliances and other products are poor, and the market expectation is weak. In terms of supply, the supply of imported goods increased, the quotation of imported goods in the market increased, and the domestic supply of tin ingots was slightly loose compared with the previous period. After the festival, the downstream continued to maintain just in demand procurement and bargain hunting, and the market trading atmosphere was light. Due to the low inventory of tin, it is obviously disturbed by the macro and domestic capital. The business community expects that the future tin price will still be affected more by the macro, mainly maintaining a wide range of shocks.