This week, the spot tin market price (6.02-6.10) fell as a whole. The average price in the domestic market was 271110 yuan / ton last weekend and 260910 yuan / ton this weekend, down 3.76% this week.

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

According to the price monitoring of the business community, in the list of bulk commodity prices rising and falling in the 23rd week of 2022 (6.6-6.10), there were 9 kinds of commodities with month on month rise in the non-ferrous sector, and the top 3 commodities were metal praseodymium (0.80%), cobalt (0.77%) and lead (0.71%). A total of 11 commodities fell month on month, with nickel (-3.64%), silver (-2.23%) and zinc (-1.33%) as the top three products. The average rise and fall this week was -0.36%.

Situation of tin futures market on June 10, 2022

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

Shanghai tin, 262500 yuan / ton- 10080 yuan / ton, three thousand eight hundred and eight

London tin, 35000 USD / ton, 0 USD / ton, three thousand and five

In terms of futures market, the trend of bottoming out and rebounding after the downward trend this week, with the overall weekly drop of more than 2%. The spot market followed the trend of Shanghai tin this week, and the price fell first and then rose. Before the holiday, the tin price bottomed out and rebounded. However, the downstream demand performance was general, and the support for tin price was limited. The inventory rebounded in the previous period, dragging down the market mentality, and the tin price fell. Shanghai tin rose around the 9th. Data released by the Indonesian Ministry of trade on Wednesday showed that Indonesia’s refined tin exports in May were 5283.46 tons, down 42.8% from April. The market is expected to tighten the supply in the future, boosting the tin price. In terms of downstream demand, the recent positive domestic policies have been continuously released, and the future market demand is expected to improve. Double positive support tin price upward. However, at present, the overall demand performance of the downstream is general, and the release of demand needs to be digested for a period of time. Therefore, it is expected that the upward space of tin price is limited, and the future market will focus on the downstream construction.