This week, the spot tin market price (5.6-5.13) fell as a whole. The average price in the domestic market was 335130 yuan / ton last weekend and 301210 yuan / ton this weekend, down 10.12% this week.

Investors can use the K-bar chart to reflect the price change of commodities every week, or the K-bar chart to reflect the price change of commodities every month. Red means: rising; Green means: falling; The height of K column indicates the range of rise and fall. As can be seen from the above figure, the tin ingot market price has continued to decline recently, with a large decline this week.

According to the price monitoring of the trading society, there are 10 kinds of commodities in the non-ferrous sector in the list of commodity prices in the 19th week of 2022 (5.9-5.13). The top three commodities are praseodymium neodymium oxide (4.90%), praseodymium neodymium alloy (4.74%) and metal neodymium (3.17%). A total of 12 kinds of commodities decreased month on month, and 1 kind of commodities decreased by more than 5%, accounting for 4.3% of the monitored commodities in this sector; The products with the top three declines were tin (- 9.32%), magnesium (- 4.04%) and electrolytic manganese (- 3.99%). The average rise and fall this week was – 0.68%.

Situation of tin futures market on May 13, 2022

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

Tin Shanghai, 301000 yuan / ton- 32000 yuan / ton, two thousand five hundred and seven

London tin, US $33800 / ton- $5650 / ton, three thousand one hundred and fifteen

In terms of futures market, Shanghai tin fell broadly this week, down about 11.9% this week. Affected by the interest rate increase of the Federal Reserve, the performance of US data is poor, the overall high operation of the US dollar, and the non-ferrous metal market is generally under pressure. Most of them fell this week, while Lun tin and Shanghai tin fell under pressure. In terms of inventory data, the data changed little this week, with futures up 767 tons and LME London futures exchange up 5 tons.

The spot market continued to follow the trend of the futures market this week, with a broad decline of 10.12% this week. The current round of decline was mainly affected by the continuous rise of the US dollar and macro pessimism. The whole nonferrous metals sector was down. After the price of tin rose in the past year, there was heavy speculation. Therefore, the current round led the decline of nonferrous metals after the withdrawal of funds. In terms of fundamentals, the overall change of tin is small, and it is still a pattern of weak supply and demand. Affected by the improvement of the import situation at the mine end, at present, the operation of domestic refineries is basically normal, the domestic output has rebounded to a certain extent, which is significantly better than that in the early stage, and most market people are optimistic about the future market. In the downstream, the production in the Yangtze River Delta is still weak recently, the demand for tin ingots is suspended, and the purchase enthusiasm is low. Under the pattern of weak supply and demand, the main factor supporting tin ingots is low inventory. It is expected that tin prices will continue to maintain a weak and volatile trend in the future.