The spot tin market price (10.8-10.15) this week was mainly upward. The average price in the domestic market was 282887.50 yuan / ton last weekend and 2853877.50 yuan / ton this weekend, up 0.88% this week.

On October 15, the tin commodity index was 145.37, unchanged from yesterday, down 0.70% from the highest point of 146.39 in the cycle (2021-09-27), and up 239.17% from the lowest point of 42.86 on December 9, 2015. (Note: the period refers to the period from September 1, 2011 to now).

Lunxi continued to strengthen this week, hitting a new high of $37300 / ton, up 2.78%. Domestic Shanghai tin was dominated by high volatility this week, and the spot market followed the trend of Shanghai tin. This week’s high volatility trend was dominated. The market supply was still tight, the price was high, the market was afraid of high sentiment, the overall trading of the market was general, and the downstream was purchased on demand. In terms of demand, due to the influence of electricity policy, the construction in many places has been suspended, and the demand has declined to a certain extent, but the supply side is tight, the domestic tin ingot inventory continues to be low, and the support for tin price is good.

According to the price monitoring of the business community, in the list of commodity prices rising and falling in the 41st week of 2021 (10.11-10.15), there are 16 kinds of commodities rising month on month in the non-ferrous sector, including 2 kinds of commodities rising by more than 5%, accounting for 9.1% of the monitored commodities in the sector; The top three commodities were zinc (10.49%), copper (5.90%) and praseodymium oxide (4.30%). There are 4 kinds of commodities with a month on month decrease, and 1 kind of commodity with a decrease of more than 5%, accounting for 4.5% of the monitored commodities in this sector; The products with the top three declines were silicon (- 7.17%), magnesium (- 1.67%) and tin (- 0.50%). The average rise and fall this week was 1.53%, and most metal markets rose this week.

In the future, the business community believes that the tight supply supports the rising tin price, which is difficult to alleviate in the short term. It is expected that the tin price will still maintain a strong trend of shock.