This week, the spot tin market price (9.2-9.9) fluctuated upward. The average price in the domestic market was 179700 yuan/ton last weekend and 186360 yuan/ton this weekend, up 3.71% weekly.
| Thiourea |
The K-bar chart of commodity prices uses the concept of the K-line of price trend to reflect the weekly or monthly price changes in the form of a bar chart. Investors can buy, sell and invest according to the changes of the K-bar chart. Red indicates rising; Green means falling; The height of the K column indicates the range of rise and fall. It can be seen from the above figure that tin prices continued to weaken after April.
According to the price monitoring of the business community, there are 14 kinds of commodities in the nonferrous metal sector in the list of commodity price rises and falls in the 36th week of 2022 (9.5-9.9), including 2 kinds of commodities with an increase of more than 5%, accounting for 8.7% of the monitored commodities in this sector; The top three commodities with growth were nickel (7.49%), neodymium oxide (6.50%) and copper (4.88%). There were three commodities with a month on month decline, and the top three products were titanium concentrate (- 0.95%), cobalt (- 0.61%) and magnesium (- 0.39%). This week’s average increase / decrease was 1.64%.
Futures market situation this week
Variety., closing price., compared with the same period of last week., inventory (ton)., compared with last week’s inventory change (ton)
Shanghai tin, 184960 yuan/ton,+7580 yuan/ton, 2149.,+357
London tin., 21345 US dollars / ton, + 225 US dollars / ton, 4715 US dollars, + 55
In terms of futures market, the overall strength of Lunxi this week, the price remained high and volatile, rising about 2.6% weekly. The trend of Shanghai Tin is similar to that of Lunxi this week, with high price volatility as the main trend, rising about 4% this week. In terms of inventory, the inventory rose significantly this week.
The main range of the spot market this week is 181000-187000 yuan / ton. The price fluctuates at a high level. The trend basically follows the fluctuation of Shanghai tin. After the price surged in the first three trading days, the price fell at the weekend. As the Mid Autumn Festival holiday approaches, the futures market is cautious, and most of the funds have left the market. Fundamentally speaking, the manufacturer’s quotation is generally stable this week, the premium of major manufacturers’ quotation is declining, and the commencement is generally stable. The domestic tin output increased significantly in August, the recent profits of import sources were obvious, the import sources increased significantly, the market quotation of import goods increased, and the domestic tin ingot supply was relatively loose as a whole. There is no obvious change in downstream demand in the near future, consumption is slightly weak, the willingness to stock up before the holiday is generally low, the downstream still maintains on-demand procurement, and the market has a strong wait-and-see mentality. From a comprehensive perspective, the tin market is still weak in both supply and demand, and the downstream demand is weak. It is hard to support the tin price. It is expected that the rising momentum of tin price is insufficient, and it is expected that the tin price is likely to bear more pressure in the future market.
| http://www.thiourea.net |