SunSirs: Spot Tin Market Prices are Mainly up (8.27-9.3)

Spot tin market prices (8.27-9.3) were mainly up, at 249,350 yuan/ton over the weekend, up 1.32% weekly.

The Tin Commodity Index on September 4 was 127.02, a decrease of 0.43% from the cycle high of 127.57 points (2021-09-02), and an increase of 196.36% from the lowest point of 42.86 on December 9, 2015. (Note: Period refers to 2011-09-01 to present).

In terms of futures, the main contract of Shanghai and tin was completed this week, and the 2110 contract was the main contract. The trend of Shanghai and tin basically remained high and fluctuated, with a weekly increase of 1.54%.

At present, the overall supply of domestic spot tin inventory is still tight, but it has improved slightly compared with last week. Downstream companies still maintain just-needed purchases. As market prices drop during the week, market trading has resumed to some extent. On Friday, the market was waiting and watching for a few days. Waves were actively traded, and the atmosphere improved compared with the previous period. The domestic mine supply is generally tight. Although Bolivia and Malaysia have resumed production on the import side, overseas supply is still tight.

In the 35th week of 2021 (8.30-9.3), there are 7 commodities in the non-ferrous sector that have increased month-on-month in the commodity price list. Among them, there are 2 commodities that have increased by more than 5%, accounting for 9.1% of the number of monitored commodities in this sector; The top 3 commodities are metallic silicon (11.11%), magnesium (9.88%), and titanium concentrate (2.11%). There were 10 products that dropped from the previous month. The top 3 products were neodymium praseodymium (-1.99%), lead (-1.97%), and neodymium praseodymium oxide (-1.07%). The average increase and decrease this week was 0.83%. This week the non-ferrous market fell more and rose less.

In the future, SunSirs believes that with the current supply still tight, tin prices will continue to fluctuate at a high level in the future.

Related data

Tin ore: In July 2021, the import volume of tin ore was 19,035 tons, a month-on-month increase of 1694 tons, of which 17,270 tons were imported from Myanmar, an increase of 3,021 tons from the previous month, and imports from regions outside of Myanmar declined.

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