This week, the spot tin market price (10.28-11.4) fell in shock. The average price in the domestic market was 168310 yuan/ton last weekend and 163410 yuan/ton this weekend, with a weekly drop of 2.91%.

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, 163500 yuan/ton/. – 1270 yuan/ton/. 2202/. – 150 yuan/ton

London tin/. 18515 dollars/ton/.+445 dollars/ton/. 4425/. – 5

The futures market is dominated by the downward trend of tin price this week, with negative macro factors dominating. Non ferrous metals are generally under pressure, while Lunxi and Shanghai Tin are dominated by the downward trend. In terms of inventories, the overall decline of inventories this week is at a reasonable range.

From the basic point of view, the overall change of tin is limited, and it is still in the pattern of loose supply and weak demand. Since the third quarter of this year, the import of refined tin has been in good condition, and the domestic tin supply is generally acceptable. In terms of downstream demand, the downstream of tin is mainly tin solder, which is mainly used in electronic products, accounting for about 80% of tin solder. However, the overall performance of the electronics industry has been poor recently, not only in the domestic and foreign electronics consumption areas, but also in the overall weak performance, which adversely affects the demand for tin. On the whole, there is no big positive expectation for the supply and demand of tin in the near future, and tin is very vulnerable to macro and market capital disturbance due to its low inventory. The business community expects that the future tin price will still be more affected by macro, mainly maintaining a wide range of shocks, and the overall trend is weak.

According to the price monitoring of the business community, there are seven kinds of commodities in the nonferrous metal sector that have risen month on month in the list of commodity price rises and falls in the 44th week of 2022 (10.31-11.4), with nickel (4.99%), zinc (2.49%) and silver (2.03%) 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 oxide (-5.52%), praseodymium metal (-3.17%) and neodymium oxide (-2.68%). The average rise and fall this week was -0.58%.