In June 2022, the domestic 1# tin ingot market price fluctuated downward. The average price in the domestic market was 271010 yuan / ton at the beginning of the month and 210510 yuan / ton at the end of the month, with a monthly drop of 22.32%.

On June 30, the tin commodity index was 107.23, down 0.61 points from yesterday, down 42.87% from the highest point of 187.70 in the cycle (2022-03-09), and up 150.19% from the lowest point of 42.86 on December 09, 2015. (Note: the period refers to 2011-09-01 to now).

Tin futures market in June 2022

varieties., Closing price on the 2nd, Closing price on the 24th, 2-day Inventory (tons), 24 day Inventory (ton)

Shanghai tin, 262500 yuan / ton, 204860 yuan / ton, 3808.,3726

London tin, 35000 US dollars / ton, US $25175 / ton, 3005.,3435

The overall trend of Shanghai tin this month is still downward. On the macro level, the Fed’s interest rate hike and the overall high operation of the US dollar this month have dragged down the market mentality. The non-ferrous metal market is generally under pressure this month, and the metal market continues to be under pressure downward. Lun tin and Shanghai tin are under pressure downward, and have fallen for about 45 consecutive days. The main reason is that affected by the continuous rise of the US dollar and macroeconomic pessimistic factors, the whole non-ferrous sector is downward, and after the continuous rise of tin prices in the past year, The market speculation was heavy, so the funds were withdrawing from profits, and the current round led the decline in non-ferrous metals. After a month and a half of decline, the price was basically flat in the same period last year. In terms of inventory, the change this month is still limited, and the overall fluctuation is in the low range.

From a fundamental point of view, the smelter has gradually entered the maintenance period since June. At present, the number of manufacturers offering prices in the market has decreased significantly, boosted by the reduction of supply sources. At present, the manufacturers have a strong attitude of supporting prices, the overall demand performance in the downstream is general, 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 remain wide-ranging and volatile.