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.

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