This week, the spot tin market price (4.29-5.7) fell as a whole. The average price in the domestic market was 336130 yuan / ton last weekend and 335130 yuan / ton this weekend, down 0.30% this week.

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. As can be seen from the above figure, the market price of tin ingots has continued to decline recently.

According to the price monitoring of the trading society, there are six commodities in the list of commodity prices rising and falling in the 18th week of 2022 (5.2-5.6). The top three commodities are magnesium (2.29%), praseodymium neodymium oxide (1.77%) and praseodymium neodymium alloy (1.45%). A total of 9 kinds of commodities decreased month on month, and 1 kind of commodities decreased by more than 5%, accounting for 4.3% of the monitored commodities in this sector; The products with the top three declines were nickel (- 5.36%), silver (- 2.74%) and aluminum (- 2.48%). The average rise and fall this week was – 0.36%.

Situation of tin futures market on May 6, 2022

varieties., Closing price, Compared with the same period last week, Inventory (ton)

Hu Xi, 333000 yuan / ton- 2350 yuan / ton, one thousand seven hundred and forty

London tin, US $39450 / ton- $1150 / ton, three thousand one hundred and twenty

Futures market: this week coincides with the May Day holiday, with few actual opening days. The overall trend of Shanghai tin this week is weak and volatile, the US dollar index continues to rise, the basic metals are generally under pressure, most of the metal markets are falling, and the futures market is under pressure. Inventory data show that LME London Metal Tin inventory fluctuated last week, and the overall inventory rebounded compared with the previous period. At present, it is the highest inventory in nearly half a year. Shanghai tin inventory fell slightly to 1740 tons this week. As of this week, it has declined for three consecutive weeks, which is the low level of new inventory in recent March.

In terms of the spot market, the trend of the futures market continued to follow closely this week, mainly downward, with a weekly decline of 0.30%. From a fundamental point of view, affected by the improvement of the import situation at the mine end, at present, the operation of domestic refineries is basically normal, the domestic output has rebounded to a certain extent, which is significantly improved compared with the early stage, and most market people are optimistic about the future market. In the downstream, the production in the Yangtze River Delta is still weak recently, the demand for tin ingots is suspended, and the local tin ingot inventory has picked up to a certain extent, reflecting that most manufacturers currently consume the pre holiday stock, and their purchasing enthusiasm is low recently. The recent supply increase and downstream demand are suspended. At present, the main factor supporting tin ingots is low inventory. It is expected that the tin price will remain weak and volatile in the future.