1、 Price trend
On February 16, the tin commodity index was 70.14, the same as yesterday, 30.03% lower than the highest point in the cycle of 100.25 (2011-09-05), and 63.65% higher than the lowest point of 42.86 on December 9, 2015. (Note: cycle refers to 2011-09-01 to now).
2、 Market trend analysis
Domestic market: the price of Lunxi rose this week, up $260 / ton or 1.6% as of Friday, with 736 transactions and 19882 positions, an increase of 734. As of Friday, Shanghai and Wuxi rose 620 yuan / ton, or 0.46%, with 37000 transactions and 38782 positions, up 2312. The spot market price is stable. Affected by the logistics and resumption of work, most manufacturers have not yet resumed work, sales are limited, and market transactions are limited. The main market price is 135000-140000 yuan / ton.
3、 Future prospects
After the completion of next week’s delivery, because the overall supply is still increasing and the consumption is afraid that under the premise that the logistics cannot be fully opened, even if the resumption of work is gradually increasing everywhere, the activity of the spot will not be substantially improved, and the futures market performance of the basic metals will continue to fluctuate in the range, and under the signal that the epidemic has not obtained the inflection point, it is difficult for long-term trading to take a unilateral lead Restricted by logistics factors and slightly supported by prices, the company will focus on the logistics situation and resumption of work next week. It is expected that the spot market will fluctuate.