The fundamentals were bad, and the tin price fell significantly (6.17-6.24)

The spot tin market price (6.17-6.24) fell after the market shock this week. The average price in the domestic market was 249760 yuan / ton last weekend and 218110 yuan / ton this weekend, a weekly drop of 12.67%.


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The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart by using the concept of the K-line of price trend. Investors can buy, sell and invest according to the changes of the K-bar chart. Red means: rising; Green means: falling; The height of K column indicates the range of rise and fall. It can be seen from the above figure that the overall trend of lead price is weak after April.


According to the price monitoring of the business community, in the list of commodity price rises and falls in the 25th week of 2022 (6.20-6.24), there is one commodity in the non-ferrous sector, with antimony (1.24%) rising. A total of 20 commodities fell month on month, and 4 commodities fell by more than 5%, accounting for 17.4% of the monitored commodities in this sector; The products with the top three declines were tin (-10.58%), nickel (-9.11%) and cobalt (-7.26%). The average rise and fall this week was -2.37%.


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Futures market situation this week


varieties., Closing price, Compared with the same period last week, Inventory (ton)

Shanghai tin, 204860 yuan / ton- 40650 yuan / ton, three thousand seven hundred and twenty-six

London tin, USD 25175 / T- USD 5975 / T, three thousand four hundred and thirty-five

In the futures market, the price of Shanghai tin fluctuated this week. The weekly fluctuation range was within 17%. The main contract of Shanghai tin fell sharply this week. The large decline this week was mainly affected by the entry of short funds. At present, the overall inventory of Shanghai tin is still low, and the market is obviously disturbed by funds. This week, the smelter gradually entered the maintenance period. The number of manufacturers offering prices in the market decreased significantly. Boosted by the decrease in supply, the manufacturers’ attitude of price support is strong. The overall demand performance in the downstream is average, and the overall market performance is weak. Therefore, the trend of tin price is greatly affected by the futures market, and it is expected that the future market will still maintain a wide range of volatility.

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