This week, the spot tin market price (11.11-11.18) rose in shock. The average price in the domestic market was 179160 yuan/ton last weekend and 184660 yuan/ton this weekend, up 3.07%.

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/185080 yuan/ton/+4080 yuan/ton/3828./+1157

London tin./22725 dollars/ton./+1525 dollars/ton./3455./- 20

In the futures market, this week’s trend first rose and then fell. Macroscopically, the US dollar index fell back continuously this week. The market’s expectation of the US Federal Reserve’s interest rate increase was low. The market was optimistic. The negative and positive factors were intertwined. The overall trend rose first and then fell. The trend of Shanghai Tin is basically similar to that of Lunxi. At the beginning of the week, the price rose due to the double positive effects at home and abroad. Later, the market’s expectation of interest rate increase was weak, the price fell back, and the inventory rose mainly this week as a whole.

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. The import of refined tin is fair, and domestic tin supply is sufficient. 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 is poor, 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, the supply and demand of tin in the near future is not expected to be more favorable, but because the tin price has declined significantly in the early period and the tin inventory is low, it is very vulnerable to macro and market capital disturbance. 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.