Fundamentals are under pressure and tin prices are down (4.1-4.8)

The spot tin market price (4.1-4.8) fell this week. The average price in the domestic market was 349130 yuan / ton last weekend and 341430 yuan / ton this weekend, down 2.21% this week.

 

EDTA

The K-bar chart of commodity price 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 and sell investment 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.

 

According to the price monitoring of business society, there are two kinds of commodities in the list of commodity prices rising and falling in the 14th week of 2022 (4.4-4.8). The top two commodities are zinc (0.33%) and copper (0.17%). A total of 16 commodities fell month on month, and the top three products were electrolytic manganese (- 3.44%), aluminum (- 3.43%) and neodymium (- 3.31%). The average rise and fall this week was – 1.04%.

 

Sodium Molybdate

In the futures market, boosted by the rise of crude oil at the beginning of the week, the metal market generally rose, and Lunxi rose. Later, with the rise of the US dollar, the metal market was generally under pressure, and the opening of Lunxi was under pressure. Shanghai tin basically followed the trend of Lunxi, rising first and then falling, and the high level fell on Thursday.

 

In terms of supply, at present, the smelter has basically entered a stable production stage, and the operating rate is gradually stable. According to market news, major domestic manufacturers will end maintenance recently, which can alleviate the shortage of domestic tin supply to a certain extent. In terms of supply, the supply of Myanmar mine is relatively stable, but the overall domestic demand is still uncertain. At present, the demand in major regions is relatively stable, and enterprises mainly purchase on demand. Therefore, the market is mainly wait-and-see. Internationally, LME tin inventory rebounded significantly this week, which is bad for the market. Tin prices are expected to remain high and volatile in the future.

http://www.lubonchem.com/

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>