In September 2021, the domestic 1# tin ingot Market rose as a whole after several shocks. The average price in the domestic market was 250100 yuan / ton at the beginning of the month and 278012.50 yuan / ton at the end of the month, an increase of 11.16%.

On September 29, the tin commodity index was 142.25, up 1.65 points from yesterday, down 2.83% from the highest point of 146.39 in the cycle (2021-09-27), and up 231.89% from the lowest point of 42.86 on December 9, 2015. (Note: the period refers to the period from September 1, 2011 to now).

In September, the Shanghai tin market fluctuated for many times, but the overall trend remained upward. The reason is still affected by tight supply. Although the price fell at the end of the month, the overall price is still at an all-time high. In terms of inventory, data released by the London Metal Exchange (LME) showed that the inventory level of Lunxi was 1260 tons. Shanghai tin stock of Shanghai Futures Exchange is 1299 tons. In terms of raw materials, tin ore imports have decreased month on month since August, especially in Myanmar, where the supply of raw materials is still tight. However, the downstream power rationing also affects the demand side. The main downstream demand areas are in Guangdong and Jiangsu and Zhejiang, which are the key implementation areas of domestic power rationing. The production restriction in the main production areas has a great impact on the demand for tin. Although the overall inventory is still low, the social inventory has rebounded recently near the end of the month.

In the future, the business community believes that at present, the supply is still tight, but the weakening downstream demand has offset some of the increase, and the tin price will maintain a weak trend of shock in the future.

Relevant data:

According to the latest report data of the world Bureau of Metal Statistics (WBMs), there was a supply shortage of 2100 tons in the global tin market from January to July 2021. From January to July 2021, the output of refined tin increased by 33000 tons compared with the same period last year, and the apparent demand increased by 8% to 234300 tons compared with the same period last year. In July 2021, the global refined tin output was 25500 tons and the consumption was 25200 tons.