On June 21, the BPI of the commodity price index was 747 points, which was the same as June 20, a decrease of 26.69% from the highest point in the cycle of 1,019 points (2012-04-10), an increase of 13.18% from the lowest point of 660 points on February 03, 2016. (Note: Period refers to 2011-12-01 to present).

The tin commodity index on June 21 was 71.02, which was the same as June 20, a decrease of 29.16% from the highest point in the cycle of 100.25 (2011-09-05), and an increase of 65.70% from the lowest point of 42.86 on December 9, 2015. (Note: The period refers to 2011-09-01 till now).

The US dollar index rose 0.18% to 96.9309; the offshore RMB rose 0.54% against the US dollar, and USDCNH reported 7.0707; the non-agricultural employment population unexpectedly increased by 2.509 million after the May seasonal adjustment in the United States, which is expected to decrease by 8 million, and the previous value decreased by 20.537 million. The largest single-month job growth in U.S. history since 1939; news released by the Saudi Ministry of Energy shows that the oil-producing countries' oil ministers from the non-OPEC oil-producing countries represented by the Saudi-led Organization of Petroleum Exporting Countries (OPEC) and Russia At the meeting, an agreement was reached to extend the current crude oil production reduction of 9.7 million barrels per day to the end of July. At the same time, countries will evaluate the crude oil market at the end of June to determine whether to further extend the production reduction agreement; Saudi Arabia’s first quarter oil export value fell by 21.9% year-on-year , to 40 billion US dollars, equivalent to a decline of about 11 billion US dollars. Affected by this, most London metal markets closed up last Friday, with London Copper up 2.43%, London Tin up 2.34%, London Nickel up 0.94%, London Aluminum up 1.75%, London Zinc down 0.37% and London Lead up 1.27%. Chinese nonferrous metal market was mixed, with Shanghai Tin up 1.5%, Shanghai Copper up 1.51%, Shanghai Zinc down 1.72%, Shanghai Aluminum up 0.91%, Shanghai Nickel up 0.46%, Shanghai Lead down 0.14%, stainless steel up 0.58%, thread Rose 0.36%.

Trend of London Tin: The electronic market of London Tin opened last Friday at US$16,945/ton, the highest was US$16,950/ton, the lowest was US$16,685/ton, and the closing price was US$16,885/ton, up US$10/ton. There were 204 lots traded throughout the day; 17,680 lots were held, an increase of 371 lots.

Trend of Shanghai Tin: Shanghai Futures' main 2008 contract opened at 137,790 yuan/ton last Friday night, with a maximum of 138,410 yuan/ton, a minimum of 137,450 yuan/ton, and a closing price of 137,900 yuan/ton, an increase of 490 yuan/ton, an increase of 0.36%. 18,486 hands were traded, a reduction of 986 hands.

The supply of spot tin ingots has gradually stabilized, the downstream demand has not yet been restored, the Chinese stocks are high, and the destocking progress is slow. It is expected that the market outlook will be wait-and-see in the short term.

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