This week, the spot tin market price (9.9-9.16) had a volatile market trend and fell as a whole. The average price of the domestic market was 186360 yuan/ton last weekend and 183610 yuan/ton this weekend, down 1.48%.

The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall. It can be seen from the above figure that the tin price will continue to weaken after April 2022, with only a small increase in some weeks, and the overall downward trend.

Futures market situation this week

Variety., closing price., compared with the same period of last week., inventory (ton)., compared with last week’s inventory change (ton)

Shanghai Tin, 176250 yuan/ton, – 8710 yuan/ton, 1992, – 157

London tin, 21130 dollars/ton, – 215 dollars/ton, 4855.,+45

In terms of futures market, the trend of Lunxi this week was weak as a whole, and the price was volatile, with a weekly drop of about 1.6%. The trend of Shanghai and Wuxi was volatile this week, with an overall weekly decline of about 1.4%. Macroscopically, the US inflation data this week was higher than expected. The Fed meeting was generally hawkish. The metal market was under pressure, and tin prices were dragged down.

The main range of the spot market this week was 178000-189000 yuan/ton. The price did not change much compared with last week, but decreased slightly. The premium of the spot market remained at a high level. The traders had a strong attitude towards price fixing. The overall market trading was limited. The downstream still maintained demand based procurement. The actual transaction situation was slightly light. In terms of fundamentals, the manufacturer’s quotation this week is still stable as a whole, and the supply and demand are basically unchanged, maintaining a pattern of weak supply and demand. The operating rate of major manufacturers is generally stable this week. The domestic tin output increased significantly in August, the source of import goods increased significantly, the market quotation of import goods increased, and the domestic tin ingot supply was relatively loose as a whole. Consumption in downstream demand is slightly weak, and the willingness to prepare goods before the festival is generally low. The downstream still maintains on-demand procurement, and the market has a strong wait-and-see mentality. From a comprehensive perspective, the tin market is still weak in both supply and demand, and the downstream demand is weak. It is hard to support the tin price. It is expected that the rising momentum of tin price is insufficient, and it is expected that the tin price is likely to bear more pressure in the future market.