1、 Price trend

The domestic propylene (Shandong) market was down this week, according to the data of the business club’s block list. At the beginning of the week, the weekly high price was 8091 yuan / ton, while at the end of the week, the weekly low price was 7852 yuan / ton, with a weekly decrease of 2.95%.

2、 Analysis and comment

According to the price chart of the business society, affected by the upstream and downstream, the propylene price rose again and again in the second half of February, which was at a high level for many years. It was generally stable at the end of the month and the beginning of the month. The price began to decline on the 4th, and generally rebounded on the 8th. The price rose 150-250 yuan / ton in two days, and then generally stabilized. The price rose about 50 yuan / ton again on the 12th, and continued to rise 50 yuan / ton on the 15th, starting from the 16th Since the 18th, the price has entered the downward channel again, with a daily drop of 100-150 yuan / ton. The price has remained stable since the 25th. The current market transaction has dropped to 7800-8400 yuan / ton, and the mainstream price is about 7800 yuan / ton. U.S. propylene 18, 19, the external market dropped sharply, also has a certain impact on the domestic market. Propylene market is now no pressure inventory, part of the device is still in repair.

On March 25, the crude oil price had a certain decline, which had a certain suppression effect on the cost of propylene.

PP prices fell slightly this week, with a weekly decline of 2.16%. The futures market was cold, which had a negative impact on propylene.

This week, the price of acrylic acid remained stable, with little impact on propylene.

This week, the market of propylene oxide is also stable, with little impact on propylene.

Epichlorohydrin market rebounded after a slight decline this week, with a weekly decline of 1.67% and a weekly amplitude of 3.89%, which had a slight negative impact on propylene.

This week, the domestic n-butanol price continued to rise, with a weekly increase of 4.93%, which played a certain role in the propylene market.

This week, the price of isooctanol rose after falling in the second half of the week, with a weekly increase of 1.77% and a weekly amplitude of 3.34%.

Isopropanol prices rose at the end of the week, up 1.12%, with little impact on propylene.

Phenol Market in East China stepped down this week, with a weekly decline of 1.84%, which had a slight negative impact on propylene.

East China acetone market this week, manufacturers offer all do not move, there is no great impact on propylene.

3、 Future forecast

The propylene analyst of Shangshe chemical branch thinks: Overall, the international production has recovered slightly, the domestic inventory is small, the crude oil price fluctuates up and down, and the downstream operating rate is acceptable, but the market is mostly cold, and the propylene is still at a high level recently. It is expected that the market will be stabilized due to the influence of crude oil in the future.

It can be seen from the trend chart that the domestic price of Dy is still rising, and the rare earth market is still hot. As of March 26, the price of dysprosium oxide is 3.05 million yuan / ton; the price of dysprosium ferroalloy is 3.02 million yuan / ton, the price of dysprosium metal is 3.85 million yuan / ton, and the domestic price of terbium is still high. On March 26, the domestic price of terbium oxide is 9.875 million yuan / ton, and the price of terbium metal is 12.5 million yuan / ton.

Domestic heavy rare earth market prices continue to rise, the main factor is the sharp contradiction between supply and demand.

On the supply side: Myanmar has no import source, and the global supply of rare earth is relatively concentrated. Myanmar is one of the production areas next only to China and the United States. Myanmar has a great influence on the domestic heavy rare earth market products. The import source has decreased significantly. The sharp contradiction between supply and demand in the domestic heavy rare earth market has led to the continuous rise of heavy rare earth prices. In February 2021, the opinions of the State Council on supporting the revitalization and development of old revolutionary base areas in the new era proposed to promote the construction of “China’s rare earth Valley” and study the policies for the purchase and storage of medium and heavy rare earth and tungsten resources, Medium and heavy rare earths account for a large proportion of annual output in the purchase and storage plan, which is expected to have a greater impact on the supply and demand and price of medium and heavy rare earths.

Demand: the downstream demand is expanding, and the demand for permanent magnet has remained high recently. New energy vehicles have been on fire from 2020 to 2021. According to the insiders, the rare earth gap is likely to continue throughout 2021. The main rare earth raw materials of high performance NdFeB are light rare earth praseodymium neodymium oxide, heavy rare earth dysprosium oxide and terbium oxide, which are used in new energy vehicles, wind power, energy-saving frequency conversion air conditioning, traditional vehicles and other fields. According to statistics, new energy vehicles continue to break the historical record of single month sales. According to the data released by the China Association of automobile industry, in the first and middle of March, 11 key enterprises completed 1.267 million vehicles, an increase of 1.2 times over the same period last year. Among them, 1.013 million passenger cars were produced, a year-on-year increase of 1.3 times; 254000 commercial vehicles were produced, a year-on-year increase of 1 times. Downstream demand rose, it is said that the demand gap has been increasing. Due to the tight supply of terbium series market and the imbalance between supply and demand, the market price of terbium series has remained at a high level.

According to the monitoring of business society, the price index of domestic rare earth market rose. According to the rare earth plate index of business society, on March 25, the rare earth index was 580 points, down 2 points from yesterday, down 42.00% from the highest point of 1000 points (2011-12-06), and up 114.02% from the lowest point of 271 points on September 13, 2015. (Note: period refers to 2011-12-01 to now).

The domestic rare earth index began to rise in November 2020. In the past four months, the rare earth index of business community has risen by about 230 points. Recently, the domestic market price of light rare earth has dropped slightly. Domestic sales of new energy vehicles have increased, and terminal industries such as wind power and electronic products have developed rapidly. As the epidemic situation slows down, the capacity utilization rate of downstream manufacturers continues, and demand is mainly based on demand procurement. The demand for NdFeB is still high. The high prosperity of new energy vehicles and consumer electronics industry also promotes the rise of rare earth prices. According to the data, the global demand for high-performance NdFeB is mainly concentrated in the automotive sector (nearly 40% for traditional vehicles and 12% for new energy vehicles), while the rest, such as wind power, consumer electronics, variable frequency air conditioning and energy-saving electrical appliances, account for 8% – 10%. Downstream demand rose, domestic heavy rare earth market prices continued to rise.

In 2021, the first batch of rare earth mining, smelting and separation total amount control indicators increased significantly, which is related to the strong downstream demand. The Ministry of natural resources issued the total amount control indicators of rare earth mining in 2021. In 2021, the total amount control indicators of the first batch of rare earth mining (rare earth oxide REO, the same below) in China were 84000 tons, including 11490 tons of ionic (mainly medium and heavy rare earth) rare earth ore and 11490 tons of rock ore The index of type (light) rare earth ore is 72510 tons. The first batch of tungsten concentrate (tungsten trioxide content 65%, the same below) has a total mining control index of 63000 tons, of which the main mining index is 46890 tons and the comprehensive utilization index is 16110 tons. In 2021, the total amount of rare earth and tungsten mining will continue to be controlled. The state policy is favorable, and the market price of rare earth will continue to rise.

With the continuous volume of new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earth, the demand for rare earth will continue to increase, which is expected to drive the further growth of demand. The global supply gap of rare earth is expected to continue to expand, the domestic demand for rare earth will remain high, the domestic supply of rare earth is still tight, and the contradiction between supply and demand in the rare earth market will be sharp. Business analyst Chen Ling expects the rare earth market in the future Prices may continue to rise.

Commodity name: urea

Latest price (March 25): 2126.67 yuan / ton

On March 25, the factory price of urea in Shandong Province rose, up 0.16% from yesterday’s. The price of the bid was announced yesterday, the lowest bid price of the east coast was USD 379.87/t CFR, the lowest bid price on the west coast was US $380.18/t CFR, and the total bid volume was 1926000 tons. The east coast of India is suitable for China supply, and the conversion price to domestic port is about 2210 yuan / ton, which is not different from the current domestic price. It is reported that the domestic urea export volume may be about 800000-90000 tons. And recently, the nitrogen fertilizer plant with an annual output of 1.7 million tons of urea exploded in India. The medium scalar may have increased or even bid again in April, and the market mentality has improved.

The market in the future is expected to increase slightly in the short-term urea Market: the average price quoted by the manufacturer is about 2150 yuan / ton.

Since last Thursday’s plunge in oil prices, oil prices fell sharply again on the 23rd, with WTI crude oil down more than 6%, mainly due to the upgrading of epidemic prevention and control measures in many European countries and the slow progress of vaccine promotion, which cast a shadow on the prospects of economic recovery. On top of that, crude oil inventories jumped last week, according to the American Petroleum Institute (API). In addition, at the hearing of the House Financial Services Committee, Yellen hinted that the corporate tax would be raised, and the US stock market dived in the end of the day.

On Tuesday, the settlement price of the main contract of WTI crude oil futures in the United States was $57.76/barrel, down $3.80, or 6.17%. Brent crude oil futures main contract settlement price at 60.86 U.S. dollars / barrel, down 3.68 U.S. dollars or 5.70%.

Epidemic situation in Europe

The number of new infections in many European countries has risen again, and the major European economies have re implemented the blockade measures. Among them, Germany announced to extend the blockade period. On 22-23, the meeting between German Chancellor Angela Merkel and the governors of 16 federal States concluded that the current blockade measures would be extended to April 18, and a stricter “long holiday blockade” would be implemented during the traditional holiday period from April 1 to 5. During this period, all stores and related social places in Germany will be closed, and any party activities in public places will be strictly prohibited. The Netherlands also announced the extension of the ban. In addition, the French government is still tracking the epidemic situation in various places, and makron said publicly that he would not rule out new prevention and control measures in areas where the situation worsened. At present, a new round of “ban” is being implemented in 16 provinces of France.

With the resurgence of the epidemic, vaccine supply and vaccination process in Europe are stagnant. Emer cook, executive director of the European drug administration, was questioned by European Parliament on the vaccination of the new crown vaccine in the European Union on the 23rd local time. On the same day, Cook said that the European Union must make every effort to jointly improve vaccine production capacity so as to increase vaccine production. She said the production of the new vaccine will affect vaccination progress across Europe. It is reported that the EU started the new crown vaccination in December last year, but the vaccination progress is far lower than that of the UK, the United States, Israel and other countries.

Crude oil stocks continue to increase

U.S. crude oil inventories rose last week and jumped by 2.9 million barrels in the week ending March 19, according to data from the American Petroleum Institute (API) on Tuesday, after analysts surveyed predicted a decrease of about 300000 barrels. Gasoline inventories fell by 3.7 million barrels, compared with analysts’ forecast of 1.2 million barrels. Distillate stocks, including diesel and heating oil, increased by 246000 barrels and are expected to decrease by 100000 barrels.

Last week, the US Energy Information Agency (EIA) recorded a continuous rise in crude oil and fuel inventories. The EIA crude oil inventories increased by 2.396 million barrels, expected to increase by 2.7 million barrels, and the previous value increased by 13.798 million barrels. The EIA refined oil inventories increased by 255 000 barrels, expected to decrease by 2.6 million barrels, and the previous value decreased by 5.504 million barrels. The EIA gasoline inventories increased by 472 million barrels This is expected to decrease by 3.5 million barrels, compared with a decrease of 11.869 million barrels.

Due to the storm hit by the U.S. refinery, it is still in the recovery stage, and the operating rate is still at a low level. In addition, due to the relatively high oil price, the number of active drilling rigs for oil and natural gas in US energy companies continued to increase. Last week, the number of active drilling rigs increased by 9 to 411, the highest level since April last year. Shale oil production has also led to accumulation of crude oil. Under the background of strict production control by OPEC, US shale oil has become the biggest risk factor in the supply side.

Under the background of economic recovery, the upward trend of oil price is still possible

Crude oil analysts of business news agency believe that the recent decline in oil prices is mainly due to the repeated European epidemic and emotional stimulation. However, the market generally believes that this is only a short-term impact. With the acceleration of vaccination in the later stage, the process of global economic recovery can still be expected. The overall positive effect of oil price on the demand side can also be predicted. In addition, OPEC’s production control policy still provides the main support for the supply side. During the implementation period before the end of April, the crude oil supply side has little change.

In the medium term, on the one hand, we should pay attention to the results of the new production control policy of the OPEC + ministerial meeting in early April. Previously, based on the expectation of the high oil price market, OPEC + will begin to relax production reduction. However, the oil price has undergone downward adjustment, and the policy may continue in the later stage. In addition, we should also pay attention to the changes in the epidemic situation. The recovery prospects of European economies in the later stage are still the key points of oil price demand. In the medium and long term, the overall rising logic of oil price remains unchanged.

1、 Price trend

The factory price of isooctanol in Shandong Province fell this week. This week, the average price of isooctanol in Shandong Province dropped from 14700.00 yuan / ton at the beginning of the week to 13866.67 yuan / ton at the end of the week, down 5.67%, up 131.11% compared with the same period last year. Overall, the market of ISO octanol fell this week, with the commodity index of ISO octanol at 101.96 on March 19.

2、 Market analysis

In terms of manufacturers’ quotations, the factory quotations of mainstream ISO octanol manufacturers in Shandong fell this week: Jianlan chemical offered 13500 yuan / ton of ISO octanol this weekend, down 1500 yuan / ton compared with the beginning of the week; lihuayi offered 14000 yuan / ton of ISO octanol this weekend, up 300 yuan / ton compared with the beginning of the week; Hualu Hengsheng offered 14100 yuan / ton of ISO octanol this week, down 1500 yuan / ton compared with the beginning of the week Down 1300 yuan / ton.

From the perspective of the upstream and downstream industrial chain, the propylene market in the upstream raw material market of ISO octanol fell slightly this week, with the quoted price falling from 8566.64 yuan / ton at the beginning of the week to 8466.64 yuan / ton at the end of the week, a decrease of 1.17%, and a year-on-year increase of 47.48%. The upstream raw material market prices fell slightly, affected by the supply and demand side, which had a negative impact on the price of isooctanol.

Isooctanol downstream market, this week DOP factory prices fell slightly. DOP quotation fell from 12525.00 yuan / ton at the beginning of the week to 12250.00 yuan / ton at the end of the week, down 2.20%, up 83.75% year on year. Downstream DOP prices fell, downstream customers’ enthusiasm for octanol procurement was general, and the demand for ISO octanol was general. The future market operators mostly wait and see the trend of DOP.

3、 Future forecast

In late March, the market trend of isooctanol in Shandong Province may fluctuate slightly and fall mainly. The upstream propylene market fell slightly, the raw material support was weak, the downstream DOP market fell slightly, the downstream purchasing enthusiasm weakened, and the supply of isooctanol was general. Isooctanol analysts of business society think: in late March, under the influence of supply and demand, raw materials and other aspects, the isooctanol market in Shandong may fall slightly.

According to the data monitored by the business agency, this week, the quotation of domestic industrial grade potassium nitrate was 4200.00 yuan / ton, the current price has increased by 0.60% month on month, and the current price has decreased by 3.45% year on year.

This week, the domestic potassium nitrate Market was stable, and the trading atmosphere of potassium nitrate Market was general. The downstream manufacturers slightly resisted the high consolidation of potassium nitrate Market, and the market transaction was difficult. The potassium nitrate Market was temporarily stable. According to the statistics of the business society, this week, the domestic mainstream manufacturers of potassium nitrate quoted 4000-4500 yuan / ton (quotation for reference only), and the quotations were different according to different procurement situations.

Recently, the quotation of potassium chloride mainstream manufacturers Rose: on March 19, the potassium chloride equipment of Qinghai Salt Lake Potash Fertilizer Co., Ltd. operated normally. The ex factory quotation is about 2100 yuan / ton, the quotation is temporarily stable, and the actual transaction price is mainly through negotiation. On March 19, Anhui Badou Chemical Co., Ltd. quoted about 2400 yuan per ton for potassium chloride distribution, which was temporarily stable. The actual transaction price was mainly through negotiation. In the near future, the KCl plant has plans to reduce production, the start-up of the plant is relatively low, the market is high, and the cost support is strong.

In the near future, the price of potassium chloride market is high and firm, and the supply of goods is low. Supported by the cost, it is expected that the potassium nitrate Market will rise mainly in the short term, and the long-term market still needs to wait and see. (the above prices are provided by the main manufacturers of potassium nitrate all over the country and sorted out and analyzed by the potassium carbonate analysts of the business society. They are for reference only. For more price details, please contact the relevant manufacturers for consultation).

US $1.9 trillion economic stimulus plan finally implemented

On the morning of March 6, the US Senate voted 50:49 to approve Biden’s $1.9 trillion economic rescue plan. On March 10 local time, the house of representatives of the United States voted to pass the US $1.9 trillion economic stimulus plan passed by the Senate. On March 11 local time, US President Biden signed the US $1.9 trillion economic stimulus plan at the White House, marking the formal entry into force of the bill. What will be the impact of the US economic stimulus plan on the macro economy and what will be the future of the zinc market?

Zinc price trend

According to the data monitoring of business news agency, since March 7, the price of zinc has been fluctuating and rising. From March 11 to March 15, the price of zinc has continued to rise for three consecutive trading days. Except for the slight drop in the price of zinc on March 10, the price of zinc has continued to rise in a week. As of March 15, the average price of zinc was 22120.00 yuan / ton, which was significantly higher than that of 21190.00 yuan / ton on March 7, with an increase of 4.39%.

Global stock market soars

Boosted by the US $1.9 trillion stimulus plan, the US stock market continued to climb in recent days. As of March 15, us time, the Dow Jones index rose for four consecutive trading days. Affected by the rise of the US stock market, the world’s major stock markets also followed the rise. The positive expectation of the global macro-economy is obvious, which is good for the zinc market in the future.

Asian stock market trend on March 15

As can be seen from the K-line chart of the Shanghai stock index, affected by the landing of the US economic stimulus plan, the Shanghai stock index rose. However, since the US Senate passed the stimulus plan on March 6, the Shanghai stock index fell sharply for three consecutive trading days. After that, with the landing of the US stimulus plan, the Shanghai stock index rose continuously, but still fell slightly on March 15. The performance of the Shanghai stock index reflects that the Chinese market lacks confidence in the effect of the US economic stimulus plan. It is worried that China’s a shares may be affected by the US dollar spillover effect. The global inflation is warming up, and the global inflation expectation is rising, which will inevitably increase the further surge of international commodity prices. However, the rapid surge of these commodity prices will also bring certain impact on China’s economic recovery It also has a negative impact on global economic recovery. The global economic recovery is uncertain in the future, and the global zinc market demand is generally warming up, but the increase may be difficult to meet expectations.

Analysis summary and Prospect

Bai Jiaxin, an analyst at business news agency, believes that: the US economic stimulus plan has been implemented, and its impact on the global economy is continuing to ferment. Global inflation expectations are increasing, commodity prices are expected to rise, and zinc market is following the rise. The global economy is recovering slowly, and zinc market demand is expected to rise. However, affected by the US economic stimulus plan, the global economic recovery speed is uncertain, and zinc market demand is increasing Rising expectations may be reduced, the overall zinc market still has a rising range in the future, but the rising power of zinc market is insufficient, and there is no sustained support for the rise of zinc market. Zinc market is expected to rise slightly in the future.

On March 15, 2021, in the price rise and fall list of fluorine chemical industry, there were 1 commodity that rose, 0 commodity that fell, and 6 commodities that rose or fell to 0. Rising products include chloroform; stable products include fluorite, hydrofluoric acid, R22, aluminum fluoride, cryolite and R134a.

On March 15, the price of fluorite in the fluorine chemical raw material market rose. The price of fluorite was 2761.11 yuan / ton. The price trend of fluorite remained at a high level. Recently, some fluorite plants in China started generally, and some mines and flotation plants stopped. The fluorite supply in the plant was tight. However, the downstream market was mainly stable, and the price of fluorite was affected and the increase was limited. As of the 15th, the price of fluorite in Jiangxi was 2700-2900 yuan / ton, and that in Inner Mongolia was 2500-2700 yuan / ton. It is expected that the price of fluorite will remain high and volatile in the future.

Recently, the price of some downstream refrigerants rose, and the operating rate remained low. The demand for hydrofluoric acid was general. However, due to the normal supply on the site, the price trend of hydrofluoric acid market rose slightly. As of the 15th, the quotation of hydrofluoric acid market was 10611.11 yuan / ton. Recently, the price trend of hydrofluoric acid market was mainly stable, and the operating rate of domestic hydrofluoric acid was less than 60% The supply of hydrofluoric acid is normal. Recently, the market of hydrofluoric acid on the market is general. The ex factory price of some enterprises is stable. Up to now, the mainstream of hydrofluoric acid negotiation is 10000-11000 yuan / ton. However, people on the market reflect that it is difficult for the hydrofluoric acid market to rise sharply in the near future. Business analyst Chen Ling thinks that the market of hydrofluoric acid may remain volatile.

The price trend of aluminum fluoride products is temporarily stable, the market supply is normal, and the trading market is general. The ex factory price of aluminum fluoride of Zhengzhou Tianrui Crystal Technology Co., Ltd. is 8700 yuan / ton, and the price of aluminum fluoride of Zhengzhou Zerun energy and Chemical Co., Ltd. is 8700 yuan / ton. The overall market supply of aluminum fluoride is sufficient, and the overall price of aluminum fluoride market is relatively stable.

In recent years, the price trend of chloroform in Shandong continued to rise, the overall demand of downstream market changed little, and the demand for chloroform was general. As the downstream market began to stock, the market price of chloroform rose sharply. At present, the start-up of chloroform production enterprises in Shandong is high, the market spot supply is stable, and the shipping situation of enterprises is improved. In order to prevent excessive warehouse pressure in the future, enterprises bid for shipping. At present, the quotation in Shandong is about 4200-4300 yuan / ton.

In recent years, the price trend of domestic cryolite is temporarily stable, the operation of the plant is stable, and the supply is normal. The domestic negotiation price is about 6500-7000 yuan / ton, and the actual transaction price is mainly negotiation. In general, the recent market of fluorine chemical industry is general, and it is expected that the trend of fluorine chemical industry will remain volatile in the later period.

In the near future, the price trend of downstream refrigerant R22 is temporarily stable, the price of raw material chloroform rises slightly, and the cost support is general. In the near future, the downstream gradually starts to stock, the demand side rises, and the market center rises slightly. Due to the stable price trend of hydrofluoric acid, the price of some affected refrigerants rises. Refrigerant R134a price trend has an upward trend, the market is strong operation. In the near future, the start-up in the downstream remained low, but the raw material support was strong, and the refrigerant market rose.

1、 Price trend

Take sulfuric acid rutile titanium dioxide, which has a large volume in domestic market, as an example. According to the data of the business club, the price of titanium dioxide rose this week. The average price of domestic titanium dioxide was 18066.67 yuan / ton last Friday, and 19333.33 yuan / ton this Friday. The price rose by 7.01% in the week.

2、 Market analysis

Since March, titanium dioxide price increase letters have been issued both at home and abroad, including chemours, isk, tronox and Venator, which successively announced an increase of US $200 / T in the Asia Pacific region; more than 20 domestic manufacturers, such as CITIC titanium industry, anada, CNNC titanium dioxide and longmang Bailian Group, announced a concentrated increase, with an overall increase range of 800-1500 yuan / T. At present, the foreign trade export market is favorable, and some enterprises have received orders until May. Supply side producers and dealers are still tight spot, raw material titanium concentrate prices high. Titanium dioxide market confidence is good, market prices rise. Up to now, the price of rutile titanium dioxide with tax is 18800-19600 yuan / ton, and that of anatase titanium dioxide with tax is 15500-18000 yuan / ton.

According to customs data, in December 2020, China’s import of titanium dioxide was about 16500 tons, a year-on-year decrease of 3.79% and a month on month increase of 2.73%. From January to December in 2020, the cumulative import is about 172400 tons, with a year-on-year growth of 2.85%.

In December 2020, China’s titanium dioxide export was 102000 tons, up 1.26% year on year and down 9.13% month on month. From January to December, the total export was about 1214800 tons, up 21.06% year on year.

In terms of raw materials, the price of titanium concentrate in Panxi region was strong and upward this week. Large scale miners rose, Panzhihua Iron and Steel Co. recycled titanium ore, small and medium-sized titanium ore supply was tight, miners were reluctant to sell, and the price of new orders went up. Up to now, the price of 46,10 titanium ore is 2130-2200 yuan / ton; 47,20 titanium ore is 2200 yuan / ton; 38,42 titanium ore is 1420-1450 yuan / ton without tax. In the short term, the price will continue to be high, which is a single issue.

3、 Future forecast

Business agency titanium dioxide analysts believe that: at present, titanium dioxide enterprises export orders perform well, domestic spot is relatively tight. The price of raw material titanium ore is high, the cost support is strong, and the market confidence of titanium dioxide is good. It is expected that in the short term, the titanium dioxide market will mainly run at a high level, and the actual transaction will be discussed in a single way.

On the 11th, the mainstream range of domestic tin ingots was 176500-178000 yuan / ton, with an average price of 177250 yuan / ton, up 1250 yuan / ton from the previous trading day. On the night of the 10th, the futures market closed 1.37% higher in Lunxi and 1.37% higher in Huxi, and the spot market price was mainly driven by futures. The price of tin is higher, and the willingness of refineries to ship has improved to a certain extent. There is a slight fear of high sentiment in the lower reaches. The tin price fluctuates frequently in the near future, and traders are slightly cautious in entering the market. Today, there are a small number of just need to enter the market, and the overall trading is cold.

On the supply side, under the influence of Myanmar’s tin ore export and production constraints, the supply expectation is still tight. And from the current information, it is difficult to alleviate in the short term. Supported by supply shortage and overall low inventory, tin prices rose mainly. At present, the downstream starts to work normally, but the tin price fluctuates greatly, and the downstream replenishment is mainly on demand.

In the future, the business community believes that in the long run, as the consumer side gradually recovers, it will support the market price in the case of tight supply.

Relevant data:

Indonesia’s Tin exports fell 42.2% year on year in February

Indonesia’s refined tin exports fell 42.2% in February from a year earlier to 4313.61 tons, according to data released by Indonesia’s Ministry of trade on Monday.

On a monthly basis, Indonesia’s exports of refined tin in February increased by 4.1% over the previous month.

Notice on the adjustment of transaction fees of tin futures related contracts

Shangqifa [2021] No.66

Members:

After research, it is decided that from the trading on March 8, 2021 (i.e. the late night trading on March 5), the

Except for the contracts in January, may and September, the transaction fee of tin futures contracts in other months is adjusted from 1 yuan / hand to 3 yuan / hand, and the transaction fee of day closing position is adjusted from 1 yuan / hand to 3 yuan / hand.

Notice is hereby given.

Shanghai Futures Exchange

March 4, 2021

U.S. Department of Commerce: U.S. crude tin exports rose in January

According to the latest data released by the U.S. Department of Commerce on March 5, the U.S. crude tin export volume in January was 232049 kg, up from 152668 kg in December 2020.

The import volume of raw tin in January was 2270341 kg, which was lower than that of 2276021 kg in December 2020.