This week, the spot tin market price (10.14-10.21) fell in shock. The average price in the domestic market was 181910 yuan/ton last weekend and 176460 yuan/ton this weekend, with a weekly drop of 3%.

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, 168450 yuan/ton, – 13530 yuan/ton, 2754.,+1132

London tin, 18745 dollars/ton, – 1175 dollars/ton, 4575.,+5

The trend of futures market this week is similar to that of Shanghai Tin, which is mainly downward. In particular, Shanghai Tin fell to a new low of 162730 yuan/ton in two years on the 21st, closing down 2.67% on a single day on the 21st. On the macro level, the trend of the dollar was high and consolidated. The metal market was generally under pressure, and Shanghai Tin fell 5.09% on a weekly basis. This week, the main contract of Shanghai Tin has been replaced. The trend of Lunxi this week is basically similar to that of Shanghai Tin, falling 6.30% under macro pressure next week.

As for the spot market, it followed the trend of Shanghai Tin this week, with overall shocks and downturns. This week, the market quotation was cautious, the overall transaction was average, and it still remained on demand. The atmosphere in the market was cold. In terms of supply, the impact of power restriction in Yunnan on tin industry is limited, and the main production capacity is not significantly affected. Only some regions are slightly affected by transportation, and the overall supply of domestic market is still loose. In terms of downstream demand, the performance of electronic products is still weak, the support for overseas demand is soft, the sales of tin terminal consumer goods, electronics, household appliances and other products are poor, and the market expectation is still soft. The market news said that Indonesia, the main producer, planned to restrict tin exports, but the government has not yet announced a clear time point, so the impact on the market can be ignored. In general, tin is still in a situation of loose supply and weak demand. However, there are many macro negative factors in the near future, and tin’s own inventory is low, which is significantly affected by macro news and domestic capital disturbance. The tin price without the support of fundamentals is expected to maintain a wide range of concussion in the future.

According to the price monitoring of the business community, there are five kinds of commodities in the nonferrous metal sector in the list of commodity price rises and falls in the 42nd week of 2022 (10.17-10.21), with zinc (1.78%), lead (0.92%) and aluminum (0.86%) in the top three. There were 14 kinds of goods that declined month on month, and 1 kind of goods that declined more than 5%, accounting for 4.3% of the number of monitored goods in this sector; The top three products of the decline were praseodymium metal (-5.97%), praseodymium oxide (-3.97%) and neodymium oxide (-2.60%). The average rise and fall this week was -0.97%.