This week, the spot tin market price (8.12-8.19) fluctuated downward. The average price of the domestic market was 206210 yuan / ton at the end of last week and 199660 yuan / ton at the end of this week, down 3.18% this week.

The K-bar chart of commodity price reflects the weekly or monthly price changes in the form of a bar chart by using the idea of the K-line of price trend. Investors can buy and sell according to the changes of the K-bar chart. Red indicates rising; Green means: falling; The height of K column indicates the range of rise and fall. It can be seen from the above figure that the tin price continues to weaken after April.

According to the price monitoring of the business community, in the list of commodity price rises and falls in the 33rd week of 2022 (August 15-august 19), there were 6 kinds of commodities in the non-ferrous sector that increased month on month, including 1 kind of commodity with an increase of more than 5%, accounting for 4.3% of the monitored commodities in this sector; The commodities with the top three increases were metal silicon (12.90%), magnesium (4.73%) and cobalt (4.18%). There were 15 commodities with a month on month decline, and 2 commodities with a decline of more than 5%, accounting for 8.7% of the monitored commodities in this sector; The products with the top three declines were silver (- 5.93%), praseodymium neodymium oxide (- 5.37%) and praseodymium neodymium alloy (- 4.42%). This week’s average increase or decrease was -0.64%.

Futures market situation this week

varieties., Closing price., Compared with the same period last week, inventory (tons)

Shangahi tin, 198500 yuan / ton, – 7000 yuan / ton, 2826

London tin, 24705 US dollars / ton, – 465 US dollars / ton, 4190

In terms of futures, this week’s futures market continued to maintain a weak and volatile operation. Lunxi fell by about 2% this week. Lunxi’s price was weak due to the market mentality dragged down by the continuous accumulation of stocks this week. The trend of Shanghai and tin is similar. The overall operation is weak, and the overall operation is below 20. The weekly position of the main contract is down as a whole, with a weekly drop of more than 2.5%.

The spot market continued to follow the overall downward trend of Shanghai tin this week. The main fluctuation range in the week was 198000-201500 yuan / ton. Basically, the tin market is still in a weak pattern of supply and demand. Recently, the domestic market as a whole is still dominated by destocking. There is a certain replenishment behavior in the lower reaches, but the overall downstream consumption has not improved significantly. And there is no expectation of improvement in future demand. Generally speaking, the market expects tin production to rise in August, and the main production areas such as Yunnan and Jiangxi will gradually resume production, and the supply is expected to increase. The downstream demand is weak, and the tin price is difficult to be supported. It is expected that the rising power of the tin price is insufficient, and it is expected that the tin price will be under pressure in the future.