The spot tin market price of this week (6.15-6.19) is mainly volatile. The average price in the domestic market is 138737.50 yuan / ton at the beginning of the week and 139412.50 yuan / ton at the end of the week, with a weekly increase of 0.49%.

On June 21, the tin commodity index was 71.02, unchanged from yesterday, down 29.16% from the highest point of 100.25 in the cycle (2011-09-05), and up 65.70% from the lowest point of 42.86 on December 9, 2015. (Note: cycle refers to 2011-09-01 to now).

In terms of futures, the overall volatility of Lunxi fell this week. After falling to the lowest point of this week at the beginning of this week, it bottomed out and rebounded. From Tuesday to Friday, the volatility was dominant, with a weekly decline of 1.09%. 892 transactions were completed, 17680 positions were held, 1583 positions were reduced. The Shanghai tin 2008 contract was first restrained and then increased this week. At the beginning of this week, the domestic situation affected the price at the beginning of this week. Since Tuesday, driven by the metal market, the price rose by 0.27% weekly, with 215000 transactions and 31313 positions.

This week, the domestic spot market followed the trend of Shanghai tin market and then rose. On Monday, the price followed the downward trend of futures market. Some traders purchased, and the market was in good trading. Since Tuesday, the price has been rising continuously, and the downstream is mainly watching. There is a resistance to the high price. The market trading was slightly cold. As of Friday, the market price was 138000-140500 yuan / ton, up about 300 yuan / ton from last week.

According to the price monitoring of the business agency, in the 24th week of 2020 (6.15-6.19), there are six commodities in the list of commodity prices rising and falling, among which the top three commodities are zinc (3.04%), lead (2.66%) and nickel (1.89%). There are 9 kinds of commodities falling on a month on month basis, and the top 3 products falling are praseodymium neodymium oxide (- 1.73%), neodymium metal (- 1.20%) and silicon metal (- 1.09%). This week’s average was 0.12%. This week, the metal market was the main player in general, and all countries released favorable policies to stimulate the economy. The domestic futures market was boosted upward. This week, the zinc and lead markets performed more prominently, while the tin market was relatively stable.

The business club predicts that the Long Dragon Boat Festival holiday in China will be seen next week, the trading day will be shortened, and there will be some demand for goods preparation before the festival. There are many favorable factors in the basic form of the metal market. As the downstream demand is weak, and the willingness of traders to receive goods is not strong, it is expected that Shanghai and Wuxi will operate weakly in the next week.