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Tin tin weekly review: the cycle continues to find shocks, 5. 16 - 5. 20)

by:Deyuan      2020-12-23
Industry news
the world metal statistics ( WBMS) According to the data published, 1 - this year March global supply 2000 tons of tin city. 1 - On March 6 production in Asia from a year ago. 960000 tonnes to 7. 440000 tons. During this period China's apparent demand rose 4. 6%. Review period tin week

figure 1: Shanghai period tin day K line trend diagram

this cycle tin's center of gravity to sink further. U. S. economic data to further improve, the market for the fed to raise interest rates in June is expected to rise sharply, the dollar remain strong for metal forming. And Aaron tin inventory increase sharply in the short term, close to 7000 tons, supply growth has also led to tin weak market. As of Friday, tin weekly decline. 2. Tin weekly decline 06%, Shanghai 0. 33%.
sources increase leads to a weak spot more
the domestic spot prices this week has dropped to below 110000 comprehensively, the spot tin ingot offer 107500 - as of Friday 110000 yuan/ton, the spot price is not strong, the early stage of the premium situation, basic ship in the past decade. Futures after delivery to market a large number of goods, in the majority with yunshan and YunXi, originally the off-season consumption ability is limited, plus the prices manufacturers buy goods more cautious, is expected to take the supply of goods also need time, spot prices in the short term, the relatively weak.
the raw material prices are
domestic tin concentrate prices this week is relatively stable. Hunan, jiangxi and guangxi grade of tin concentrate price quote 87000-60 88000 yuan/ton, down 500 yuan from last week, for futures fell, concentrate businessman rised performance, the goods not sold, so the price in the problem, the market merchants has also ground to a halt receiving, cautious wait-and-see. Raw material purchasing, and smelters are subject to lower the price, the goods have scattered to clinch a deal.
waste tin market stable
this week waste tin price also is relatively stable, unleaded tin block price quote per kg - 92 93 yuan, silver tin price quote per kg - 176 179 yuan. Basic stop receiving traders, the shipper of cheap shipment will low, too risky business intentions are low at present.
above all, next week is expected to tin is still not optimistic, tin shock interval 16000 - Tin 103000 - $16800, Shanghai 110000 yuan/ton, the domestic spot tin ingots is expected in 107000 - 110000 yuan/ton.
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