On June 30, the commodity price index BPI was 744 points, which was the same as June 29, a decrease of 26.99% from the highest point in the cycle of 1,019 points (2012-04-10), and an increase of 12.73% 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 30 was 70.79, which was the same as June 29, and was 29.39% lower than the highest point in the cycle of 100.25 points (2011-09-05) and 65.17% higher than the lowest point of 42.86 points on December 09, 2015. (Note: Period refers to 2011-09-01 to present).

On the fundamentals in New York, the US dollar index fell 0.08% to 97.3772; the offshore CNY rose 0.09% against the US dollar, and the USDCNH reported 7.0708; the Euro zone June consumer price index (annual rate) before the initial value: 0.1% expectation: 0.2% Actual: 0.3%; the central bank decided to reduce the re-loan and re-discount rates by 0.25%, after adjustment, the 3-month, 6-month, and 1-year agricultural support refinancing and small support refinancing rates are 1.95%, 2.15%, and 2.25%, respectively; Crude oil: U.S. Energy Information Administration (EIA): API crude oil inventory (10,000 barrels) before the week of June 26: 174.9, expected: -95 , announced: -815.6. Crude oil (as of 3 a.m. Beijing time on July 1st) spot Brent closed at 41.83 US dollars / barrel, up 0.44 US dollars from the previous trading day, an increase of 1.06%. Crude oil (as of 3 a.m. Beijing time on July 1st) WTI closed at 39.34 US dollars / barrel, a decrease of 0.47 US dollars from the previous trading day, a decrease of 1.18%. Affected by this, the London metal market rose and fell. Lun copper rose 1.17%, aluminum rose 0.31%, nickel rose 0.27%, tin fell 0.24%, zinc fell 0.88%, lead fell 1.06%, Shanghai metals mainly increased, copper rose 0.76%, aluminum rose 0.72%, lead rose 0.65%, tin rose 0.12%, zinc fell 0.6%, and nickel fell 0.84%.

The trend of London tin: The electronic disk of LME tin opened on June 29 at 16,840 US dollars/ton, the highest was 16,945 US dollars/ton, the lowest was 16,690 US dollars/ton, closed at 16,770 US dollars/ton, down 40 US dollars/ton, the transaction volume was 376 hands, and the LME inventory was 3,605 Tons, an increase of 40 tons.

The trend of Shanghai tin: Shanghai Futures Tin's main 2008 contract opened at 138,310 yuan/ton, the highest was 138,950 yuan/ton, the lowest was 138,260 yuan/ton, closed at 138,400 yuan/ton, down 430 yuan/ton, and the turnover was 8425 lots.

After the previous tin price increase, the market has recently oscillated at a high level, and the downstream market is mainly watching. The trading is relatively deserted. It is mainly based on rigid demand purchases, and the premium and discount are tightened. It is expected that the market will consolidate at a high level. The downstream intention to receive goods is limited.

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