This week’s spot tin market price (4.15-4.22) fluctuated. The average price of the domestic market was 343830 yuan / ton last weekend and 342830 yuan / ton this weekend, down 0.29% this week.
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The K-bar chart of commodity price uses the concept of K-line of price trend to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investment according to the changes of K-bar chart. Red means: rising; Green means: falling; The height of K column indicates the range of rise and fall.
According to the price monitoring of the trading society, in the list of commodity prices rising and falling in the 16th week of 2022 (4.18-4.22), there are 11 kinds of commodities rising month on month in the non-ferrous sector, and the top three commodities are dysprosium ferroalloy (2.77%), dysprosium oxide (2.57%) and nickel (2.54%). A total of 9 commodities fell month on month, and the top 3 products were magnesium (- 3.98%), silver (- 3.89%) and electrolytic manganese (- 2.22%). Both rose or fell by 0.07% this week.
Situation of tin futures market on April 22, 2022
varieties., Closing price, Compared with the same period last week, Inventory
Shanghai tin, 336300 yuan / ton- 6700, 2555 tons
London tin, US $42225 / ton- 1175, 2875 tons
| PVA |
Futures market: the trend of Shanghai tin fluctuated in a narrow range this week. The main contract changed month, and the overall inventory changed little. The trend of Lun tin was weaker than that of Shanghai tin as a whole.
Domestic transportation in Shanghai is still limited this week, with little impact in Guangdong. In terms of supply and demand, the problem of raw materials has been alleviated to some extent. In terms of supply, the market is expected to improve in April with the improvement of the import side and the overall supply will improve after some Indonesian goods enter the market. On the demand side, the operating rate of downstream end users has increased to a certain extent, but the downstream demand has not fully recovered due to various factors. Therefore, the market is mainly on the sidelines, and the tin price is expected to remain high and volatile in the future.
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