This week, the spot tin market price (7.15-7.22) fluctuated for many times and rose as a whole. The average price in the domestic market was 189810 yuan / ton last weekend and 193710 yuan / ton this weekend, with a weekly increase of 2.05%.

The K-bar chart of commodity prices uses the concept of K-line of price trend to reflect the weekly or monthly price changes in the form of a bar chart. Investors can buy and sell investments according to the changes of the K-bar chart. Red means: rising; Green means: down; The height of K column indicates the range of rise and fall. It can be seen from the above figure that tin prices continued to weaken after April.

According to the price monitoring of the business community, in the list of commodity prices rising and falling in the 29th week of 2022 (7.18-7.22), there were six kinds of commodities rising month on month in the non-ferrous sector, of which one kind increased by more than 5%, accounting for 4.3% of the monitored commodities in the sector; The top three commodities were nickel (9.89%), copper (2.24%) and lead (1.40%). A total of 13 commodities fell month on month, with a total of 1 commodity falling by more than 5%, accounting for 4.3% of the monitored commodities in this sector; The products with the top three declines were magnesium (-5.15%), cobalt (-4.49%) and praseodymium neodymium alloy (-3.43%). The average rise and fall this week was -0.45%.

Futures market situation this week

Variety, closing price, compared with the same period last week, inventory (tons)

Shanghai tin, 191850 yuan / ton, +10350 yuan / ton, 3758

London Tin, 25000 US dollars / ton, +225 US dollars / ton, 3490

In terms of the futures market, Lunxi’s narrow range fluctuations this week were mainly within 1%. Shanghai tin has maintained a wide range of volatility this week, with a fluctuation range of less than 6%. On the macro level, the high level of the US dollar fell, and the metal market was generally boosted. Therefore, the futures trend this week was dominated on the whole, especially Shanghai tin.

In terms of supply, smelters stopped production for maintenance in July, and the overall output is expected to decline in July. However, the downstream demand has not changed much recently, and the overall start-up of tin solder enterprises is still low, with fewer orders. In terms of the market, the delivery of the contract in the spot market this week has been completed, the overall performance of the market supply is relatively sufficient, the market transaction is general, and most of the goods are shipped at a discount. The recent trend of tin price is still disturbed by macro factors, and it is expected that tin price will remain wide and volatile under the pattern of weak supply and demand.