This week, the spot tin market price (11.4-11.11) rose in shock. The average price in the domestic market was 163410 yuan/ton last weekend and 179160 yuan/ton this weekend, up 9.64% weekly.

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 (ton)/. Inventory change compared with last week (ton)

Shanghai Tin/. 181000 yuan/ton/.+17500 yuan/ton/. 2671/.+469

London tin/. 21200 dollars/ton/.+2685 dollars/ton/. 3805/. – 395

In terms of futures market, tin price this week was the main actor. On the macro level, the US CPI data in October was less than expected, and the market’s expectation of the Federal Reserve slowing down interest rate increases continued to rise. Affected by this, the US dollar index fell sharply by 2.31% to the lowest point in nearly two months. The metal market was boosted on Friday and rose significantly today.

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. Downstream demand: The downstream of tin is mainly tin solder. The main application terminal of tin solder is still in electronic products, accounting for about 80% of tin solder. The overall performance of the electronic industry has been poor recently, not only in domestic and foreign electronic consumer areas, but also in the overall weak performance, which adversely affects the demand for tin. In general, there is no big positive expectation for the supply and demand of tin in the near future. However, due to the obvious decline of tin price in the early stage and the low inventory of tin itself, it is very vulnerable to the disturbance of macro and on-site funds. With the disturbance of multiple funds, tin prices have risen significantly. The business agency predicted that the tin price in the future would still be affected more by macro factors, mainly maintaining a wide range of shocks, and the overall trend would be weak.

According to the price monitoring of the business community, there are 10 kinds of commodities in the nonferrous metal sector in the list of commodity price rises and falls in the 45th week of 2022 (11.7-11.11), of which there are 3 kinds of commodities that have risen by more than 5%, accounting for 13% of the number of commodities monitored in this sector; The top three commodities were nickel (7.52%), tin (6.07%) and silver (5.08%). There were 10 kinds of commodities falling month on month, with antimony (-1.63%), praseodymium oxide (-1.46%) and praseodymium metal (-1.09%) as the top three products. This week, the average rise or fall was 1.06%.