This week’s spot tin market price (4.8-4.15) fluctuated. The average price of the domestic market was 341430 yuan / ton last weekend and 343830 yuan / ton this weekend, up 0.7% this week.
| ferric sulfate (Poly ferric sulphate) |
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 business community, in the list of commodity prices rising and falling in the 15th week of 2022 (4.11-4.15), there are seven kinds of commodities rising month on month in the non-ferrous sector, including one kind with an increase of more than 5%, accounting for 4.3% of the monitored commodities in the sector; The top three commodities were nickel (10.71%), zinc (3.15%) and silver (2.77%). A total of 14 kinds of commodities decreased month on month, and 5 kinds of commodities decreased by more than 5%, accounting for 21.7% of the monitored commodities in this sector; The products with the top three declines were dysprosium (- 11.07%), praseodymium neodymium alloy (- 6.39%) and praseodymium neodymium oxide (- 5.78%). The average rise and fall this week was – 1.47%.
Tin futures market on April 15, 2022
varieties., Closing price, Compared with the same period last week, Inventory
Shanghai tin, 343000 yuan / ton- 760, 3045 tons
London tin, US $43400 / ton- 130., 2665 tons
| Sodium Molybdate |
In terms of futures market: at the beginning of the week, the metal market was generally under pressure and the overall performance was poor. The price of Lunxi was dragged down. After that, the fundamental crude oil rose again, which boosted the market mentality and the tin market rebounded.
In terms of supply and demand, the transportation in Shanghai is still limited, and the overall trading of the market is weak. On the supply side, the market expects that with the improvement of the import side in April, the overall supply will improve to a certain extent after some Indonesian sources enter the market. On the demand side, the previously affected enterprises in Shenzhen have resumed production recently, but the downstream demand has not fully recovered due to various factors. Therefore, the market is mainly on the sidelines, and it is expected that the tin price will remain high and volatile in the future.
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