Price Trend
In June 2019, the domestic tin ingot Market rose first and then fell. The average price of the domestic market was 143412.50 yuan/ton at the beginning of the month and 14331.50 yuan/ton at the end of the week, with a decrease of 0.07%.
On June 28, the tin commodity index was 73.00, up 0.13 points from yesterday, down 27.18% from the cyclical peak of 100.25 points (2011-09-05), and up 70.32% from the lowest point of 42.86 on December 09, 2015. (Note: Period refers to 2011-09-01 to date).
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II. Market Analysis
Domestic market: In June, spot prices followed the trend of Shanghai and Tin, rising first and then falling. At the end of the month, the main spot prices returned to 142,500-144,000 yuan/ton at the beginning of the month, with a monthly drop of 100 yuan/ton. In terms of supply, this month, the market supply of goods is normal, mainly low-price brands and ordinary cloud words. Among them, low-price small brands are more popular than popular ones. In terms of general cloud words and small brands, the price is basically stable at 400-1500 yuan per ton of stickers, and the price of Yunxi stickers is 200-500 yuan per ton.
Import and Export: According to data released by Indonesia’s Ministry of Trade on June 14, Jakarta, Indonesia’s refined tin export volume in May was 6,759.26 tons, a 46% decrease over the same period last year. Indonesia is the world’s largest tin exporter. Indonesia’s tin refining exports increased by 15% in May.
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London, June 19, 2010 – The World Bureau of Metal Statistics (WBMS) reported a shortage of 4,700 tons in the global tin market from January to April 2019. The total reported inventory increased by 3,800 tons compared with the end of 2018, including an increase of 6,000 tons in Indonesian inventory for unknown reasons. From January to April 2019, the world reported a 2,200-ton decline in refined tin production and a 2,200-ton decrease in Asian production. China’s apparent demand fell 1.1% year on year. The global demand for tin from January to April 2019 was 112,000 tons, down 0.6% from the same period last year. Japan’s consumption was 9,100 tons, an increase of 93% over the same period last year. In April 2019, the global production of refined tin was 29,000 tons and consumption was 30,100 tons.
Domestic events:
Oxford Photovoltaic is moving towards the next generation of tin-based solar cells: Oxford PV plans to market tin-based perovskite-based solar cells by the end of next year. The conversion efficiency of tin halide solar cells into photovoltaic energy is about 27%. They are cheaper, more efficient and easier to produce than standard solar panels. The International Tin Association believes that this technology is one of the next generation renewable energy technologies, which will be conducive to the demand for tin.
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GSMA: Over the next seven years, Asian operators will invest $370 billion in 5G: On June 26, GSMA (Global Association of Mobile Communication Systems) released the latest report of Mobile Economy Asia-Pacific edition in MWC19 Shanghai today, which shows that Asian operators plan to invest $370 billion to build a new 5G network between 2018 and 2025. It is expected that by 2025, all 24 Asia-Pacific markets will launch 5G. It is predicted that 5G will contribute nearly 900 billion US dollars to the region’s economy in the next 15 years.
3. Prospects for the Future Market
As we enter July next week, there are many and concentrated economic data at home and abroad. The US dollar index is feared to rise again at a low level. Basic metals are still facing various risks. If the varieties have strong fundamentals, they can still maintain a more diversified pattern, and the differentiation of basic metals will be obvious.