First, the price trend
This week (5.20-5.25) domestic 1# Tin ingot Market is lower, the domestic market average price at the beginning of the week in 144825 yuan/ton, the weekend in 143500 yuan/ton, down 0.91%. The Tin Commodity Index of May 24 was 73.10, down 0.25 points from yesterday, down 27.08% from 100.25 at the highest point in the cycle (2011-09-05), up 42.86 from its lowest point of 70.56% on December 09, 2015.
| Magnesium sulphate |
(Note: cycle refers to 2011-09-01 to date).
Second, the market trend analysis Domestic market: This week was affected by the low futures market, the domestic mainstream spot market prices are lower, as of Friday the mainstream offer than last week fell 1250 yuan/ton. Fell to 142500-144500 yuan/ton, a decrease of nearly 1%. Suffering from the overall metal market low impact, the market wait-and-see atmosphere is strong, the overall deal is general.
This week the spot sticker range remained generally stable, ordinary cloud paste water 800-1000 yuan/ton, small card sticker 1000 yuan/ton.
| Thiourea dioxide |
Nonferrous Industries: This week, as Sino-US trade relations escalated again, the United States decided to impose sanctions on Huawei companies, the dollar’s safe-haven value showed a strong trend, standing above the 98 mark, surging to nearly two years high 98.37, and then because the United States economic data performance is not as expected, the dollar high fell sharply below the 98 mark, non-ferrous
Third, the outlook of the aftermarket Next week’s economic data set, the dollar has begun to show a high retreat, or will be this week’s broken decline in non-ferrous metals to form a repair market, but facing the end of the month, from the financial pressure and risk aversion is still the market’s main control factors, alert and concerned about the short power of the futures market and the spot market shippers toss cash.
| Thiourea |