I. price trend

In this week’s (11.11-11.15), the domestic 1 × tin ingot market fell in shock. The average price in the domestic market was 137700 yuan / ton at the beginning of the week and 135512.50 yuan / ton at the end of the week, down 1.59%.

On November 15, the tin commodity index was 69.03, up 0.08 points from yesterday, down 31.14% from the highest point in the cycle of 100.25 (2011-09-05), and up 61.06% from the lowest point of 42.86 on December 9, 2015. (Note: cycle refers to 2011-09-01 to now).

II. Market trend analysis

Domestic market: this week, the overall trend of Lunxi declined. On Friday, the pressure fell again. As of 17:15, the latest price of Lunxi was $16180 / ton. In the week, it dropped 595 US dollars / ton, or 3.55%, with 1676 transactions and 17797 positions, up 182. In terms of Shanghai tin, the main 2001 contract of Shanghai tin fell this week. On Friday, Shanghai tin generally remained weak and volatile. The closing price of Shanghai tin on Friday was 134490 yuan / ton, down 2690 yuan / ton in the week, down 1.96%, with volume of 121000 hands, position of 40004 hands, up 1824 hands. Spot market: as of Friday, the spot price was 134500-136000 yuan / ton, 2250 yuan / ton lower than 136500-138500 yuan / ton at the beginning of the week. In terms of market transactions, the number of bottom finding transactions increased this week, while transactions in East China were OK. For the Shanghai tin 2001 contract, Yunxi’s premium is 1200-1500 yuan / ton, ordinary Yunzi’s premium is 400-600 yuan / ton and small brand’s premium is 200-300 yuan / ton.

Nonferrous Industry: this week’s data in Europe and the United States was lower than expected, the U.S. dollar index was high and volatile, and basic metals fell across the board under the pressure of short return.

III. future prospects

Next week, the US data is expected to be moderate, and the US dollar is expected to fall back at a high level. The domestic metal market will attract long-term delivery of spot goods. Under the condition of loose capital, support for base metal repair fell sharply this week, and some metal items that can be supported by the fundamentals are expected to recover. It is expected that the spot tin market will continue to maintain a volatile pattern and the material center of gravity will move up.