Price Trend

This week (7.22-7.26) the “V” trend of the domestic 1 # tin ingot market. The average price of the domestic market was 13635 yuan/ton at the beginning of the week, and 13617.50 yuan/ton at the end of the week, down 0.14%.

On July 26, the tin commodity index was 69.35, up 0.44 points from yesterday, down 30.82% from the peak of 100.25 points in the cycle (2011-09-05), and up 61.81% from the low of 42.86 points on December 09, 2015. (Note: Period refers to 2011-09-01 to date).

II. Market Trend Analysis

Domestic market: This week, the domestic spot tin market first restrained and then rose, showing a “V” trend as a whole. As of Friday, the mainstream price of domestic spot tin was 135000-137000 yuan/ton, down 250 yuan/ton from the beginning of the week. Tin ingots on the first three days of this week followed the period of low tin, and on Thursday, the price of tin rebounded, but the downstream entered the view. Looking forward to the atmosphere, business is limited. In the aspect of lifting and discharging water, the suit brand Yunxi lifting water is 1000-1500 yuan/ton, the ordinary Yunzi lifting water is 500-1200 yuan/ton, and the small brand lifting water is 400-800 yuan/ton.

Non-ferrous industry: This week, the dollar soared near 97.9, crude oil high fell, basic metals after last week’s bulls dominated the market have come out of the breakthrough market, this week, there are many profit cuts out of the market, short homeopathic pressure situation, most of the metal appears in varying degrees of decline and decline.

3. Prospects for the Future Market

Next week is the last few trading days of late July. It is difficult for cash pressure to keep the spot market active. However, due to the market waiting for the results of the Federal Reserve interest rate reduction meeting and the good expectations of the new progress in Sino-US trade negotiations, it is expected that the broad volatility of spot tin prices will dominate next week.