This week, the spot tin market price (12.31-1.7) was mainly upward. The average price in the domestic market was 300037.50 yuan / ton last weekend and 304725 yuan / ton this weekend, up 1.56%.

The commodity price K-bar chart uses the concept of K-line of price trend to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy, sell and invest according to the changes of K-bar chart. Red means: rising; Green means: falling; The height of K column indicates the range of rise and fall. The figure above shows that the recent spot tin price has mainly fluctuated in a narrow range.

According to the price monitoring of the business community, in the list of commodity prices rising and falling in the first week of 2022 (1.3-1.7), there are 15 kinds of commodities rising month on month in the non-ferrous sector, including 5 kinds of commodities rising by more than 5%, accounting for 22.7% of the monitored commodities in the sector; The top three commodities were neodymium oxide (8.11%), magnesium (7.14%) and metal neodymium (6.14%). There were 6 commodities with month on month decline, and the top 3 products were silver (- 3.91%), metallic silicon (- 1.08%) and gold (- 1.06%). Both rose or fell by 2.04% this week.

In terms of futures market, Shanghai tin still maintained a strong trend this week, and the overall trend continued to rise this week. Although the price fell slightly on the 4th, it continued to rise on Friday, and further refreshed the historical high of 298880 yuan / ton during the week.

In terms of spot market, the trend is basically consistent with that of Shanghai tin. Except for a slight decline on Thursday, the overall trend remains upward. Basically, in terms of supply, it is expected that the output of tin ingots will decline near the Spring Festival, and the overall supply in the domestic market is still tight. And there is no expectation of improvement in the short term. In terms of downstream demand, there is a certain replenishment demand before the festival, but due to the high tin price, most of the downstream are purchased on demand.

Basically, the tin market still maintains a weak balance between supply and demand. Boosted by low inventory, it is expected that the tin price will continue to maintain a high oscillation trend in the future.