1. Prices Trend

　　In this week's (Nov 11-15), the domestic 1# tin ingot market swung lower. The average price in the domestic market was 137,700RMB/t at the beginning of the week and 135,512.50RMB/t at the end of the week, dropping 1.59%. 

　　On Nov 15, the Tin Commodity Index was 69.03, 0.08 higher than that of Nov 14, 31.14% lower than the peak of 100.25 in the cycle (Sep 5, 2011), and 61.06% higher than the lowest point of 42.86 (Dec 9, 2015). (Cycle: Sep 1, 2011 to date)

　　2. Market Analysis 

　　Domestic market: The overall trend of SND declined. On Friday, the pressure fell again. At 17:15, the latest price of SND was 16,180USD/t. In the week, it dropped 595USD/t (3.55%), with the volume of 1,676 lots and the open interest of 17,797 lots (increasing 182 lots). SN2001 was under pressure and fell this week. On Friday, SN generally remained weak and volatile. The closing price was 134,490RMB/t, decreasing 2,690RMB/t (1.96%) in the week, with the volume of 121,000 lots and the open interest of 40,004 lots, increasing 1,824 lots. On Friday, the spot price was 134,500-136,000RMB/t, 2250RMB/t lower than 136,500-138,500RMB/t at the beginning of the week.

　　Non-ferrous industry: This week's data in Europe and the United States were lower than expectation, the U.S. dollar index was high and volatile, and basic metals fell across the board under the pressure of short return.

　　3. Prospects for the Future Market

　　The US data is expected to be moderate, and the US dollar is expected to fall back at a high level. The domestic metal market will attract long-term delivery of spot goods. Under the condition of loose capital, all of which can support to repair the sharp fell of base metal, and some metal items that can be supported by the fundamentals are expected to recover. It is expected that the spot tin market will continue to maintain a volatile pattern and the key point will move up.

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