Tin tin weekly review: next week market or into the plateau ( 7. 4 - 7. 8)
figure 1: Shanghai period tin day K line trend diagram
this cycle movements of tin is obviously high rushed back, Shanghai period tin this week are at new highs of nearly for more than a year, the wave rise mainly by commodity market impact on money, not from the influence of the basic substance, so Shanghai tin gradually fell back in the late this week, as has much of the pared early gains on Friday, now remained in the top 20 daily average lines, we expect that as long the gradual withdrawal of funds, the Shanghai tin will still back to early 110000 yuan/ton 113000 yuan/ton shock range. Tonight will publish the non-agricultural data, which will determine the short-term period of tin.
buy goods downstream of tin price to stimulate interest in
phase by the stimulation of tin price soared straight, had been calm in the spot market is broken, because of worry about prices continue to rise, also stimulated the part of the downstream procurement, however, the majority of manufacturers for the rising lack of confidence, so the actual volume is also most limited between middlemen, and with the carry trade is given priority to, by the time Friday, spot market the brand to is controlled in 114000 yuan/ton, brand for the cloud more word series, low-priced goods consumption faster.
prices soaring raw material market prices
chaos because period of tin rose rapidly, tin ore concentrate market, once appear priceless no market situation, the hands of merchants in stock can't shipment, the purchaser has also ground to a halt procurement, watching, everybody is waiting for the stability of the market. As of Friday at 60 degrees of tin concentrate tax - in 100000 101500 yuan/ton, 95000-40 degrees tin concentrate 96500 yuan/ton.
this week to get markets wait-and-see mood to waste tin price increases across the board, especially the biggest increase in silver tin, silver and tin double rise, silver tin this week most high 10 yuan per kilogram, as of Friday, 198 - silver silver 200, up from last week 8 yuan/kg, unleaded tin block price quote per kg - 98 99 yuan, rose 3 yuan per kg from last week. Because silver tin prices, many vendors said, close not the arrival of the hands of merchants also could not rised in stock, so few deals this week.
above all, next week is expected to tin steady oscillation is given priority to, tin shock interval 17000 - Tin 110000 - $17500, Shanghai 114000 yuan/ton.