This week, the spot tin market price (12.2-12.9) rose in shock. The average price in the domestic market was 186710 yuan/ton last weekend and 196410 yuan/ton this weekend, with a weekly increase of 5.02%.

The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall. It can be seen from the figure above that tin prices will rise continuously after November 2022 due to macro factors.

Futures market situation this week

Variety./Closing price./Compared with the same period of last week./Inventory (ton)./Inventory change compared with last week (ton)

Shanghai Tin./198090 yuan/ton./+11190 yuan/ton./5696./+988

London tin./24165 dollars/ton./+595 dollars/ton./3140./+80

The futures market has a strong trend this week, rising as a whole. Affected by the expectation of the Federal Reserve to raise interest rates at the beginning of the week, the metal market has generally strengthened, and tin prices have surged. The trend of Lunxi is basically similar to that of Shanghai Tin, rising rapidly at the beginning of the week and rising slightly later.

This week, the spot market price basically coincided with the trend of Shanghai Tin, the overall market trading was slightly weak, business transactions were limited, and downstream purchasing remained just in demand. Fundamentals have not changed much in recent years, which still shows loose supply and weak demand. Although the downstream semiconductor industry is expected to improve in the near future, the market mentality is slightly boosted. However, the downstream procurement intention is still on demand, and the actual demand has not changed much. The business agency expects that the tin price in the future will be mainly weak in the long run, but will still be affected by the macro in the short run, maintaining a wide range of shocks.

According to the price monitoring of the business community, there are 8 kinds of commodities in the nonferrous metal sector that rose month on month in the list of commodity price rises and falls in the 49th week of 2022 (12.5-12.9). The top three commodities that rose were nickel (3.91%), dysprosium oxide (2.37%) and praseodymium neodymium oxide (2.25%). There were 9 kinds of commodities that declined month on month, and the top three products that declined were metal silicon (-2.77%), aluminum (-1.36%) and silver (-1.36%). The average rise or fall this week was 0.2%.