In October 2022, the domestic 1 # tin ingot market suffered from shock and decline. The average price of the domestic market was 185460 yuan/ton at the beginning of the month and 166410 yuan/ton at the end of the month, down 10.27%.

On October 31, the tin commodity index was 84.77, down 0.97 points from yesterday, down 54.84% from the cycle’s highest point of 187.70 (2022-03-09), and up 97.78% from the lowest point of 42.86 on December 9, 2015. (Note: the cycle refers to 2011-09-01 to now).

The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall. It can be seen from the monthly K-bar chart that the tin price has mainly declined in the past six months, with a large decline of -18.54% in May and -22.32% in June. From the weekly K-bar chart, we can see that the lead price has fallen more or less recently, and the overall decline.

Tin futures market in October 2022

Variety, closing price on September 28, closing price on October 28, inventory on September 28 (tons), and inventory on October 28 (tons)

Shanghai tin, 182660 yuan/ton, 164770 yuan/ton, 1473., 2352

London tin, 20600 dollars/ton, 18070 dollars/ton, 5070., 4450

In October, the tin price fluctuated downward. In addition to the impact of macro factors, the most important factor affecting the continuous decline of tin price is supply and demand. Since September, the tin output has gradually recovered, and the smelters for early maintenance have started work in succession. The tin output has increased significantly since September. As the profit of imported tin rose, the import of refined tin was better since the third quarter of this year, and the domestic tin supply was generally OK. In terms of downstream demand, the downstream of tin is mainly tin solder, which is mainly used in electronic products, accounting for about 80% of tin solder. However, the overall performance of the electronics industry has been poor in recent years, not only in domestic but also in foreign electronics consumption, which makes it difficult for downstream demand to support tin prices. On the whole, there is no big positive expectation for the supply and demand of tin in the near future, and tin is very vulnerable to macro and market capital disturbance due to its low inventory. The business community expects that the future tin price will still be more affected by macro, mainly maintaining a wide range of shocks, and the overall trend is weak.