Tin price oscillated at a high level on October 14

On October 14, the mainstream quotation range of 1# tin ingots in the domestic spot tin market was 281000-283000 yuan / ton, with an average price of 282000 yuan / ton, up 1250 yuan / ton compared with the previous trading day.

On October 13, the tin commodity index was 143.21, down 0.99 points from yesterday, down 2.17% from the highest point of 146.39 in the cycle (2021-09-27), and up 234.13% from the lowest point of 42.86 on December 9, 2015. (Note: the period refers to the period from September 1, 2011 to now).

The dollar fell on Wednesday night, and the metal market rose and fell. In early trading today, Shanghai zinc led the rise, Shanghai copper and Shanghai lead rose by more than 2%, and most other metals fluctuated slightly. As of the closing on October 14, the settlement price of the main contract of Shanghai tin 2111 was 274990 yuan / ton, up 0.76%. The spot market generally fell today, with the mainstream down 1500 yuan / ton. The impact of power rationing on the upstream and downstream of tin is acceptable, the production capacity has been restored, the double weak pattern of tin supply and demand remains, and the price remains mainly volatile. It is expected that prices will remain high and volatile in the short term.

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