This week, the spot tin market price (8.17-8.21) “V” type trend, the domestic market average price at the beginning of the week at 143175 yuan / ton, weekend at 143762.50 yuan / ton, the weekly increase of 0.41%.

This week, Lunxi fell to 16795 U.S. dollars / ton in the opening of the week, and recovered, with the main consolidation of 17500 dollars / ton during the week. During the week, Shanghai tin futures rose by 2050 yuan, or 1.45%, from 141480 yuan to 144540 yuan / ton.

Spot market this week “V” type trend, downstream transactions in general, market trading is relatively cold. The tight situation at the mine end remains unchanged. Myanmar’s ban has been extended to the end of August. The full resumption of production of yinman will be around the beginning of October. Thanks to the increase of tin resource tax to 4% from September 1, 2020, the shipping intention of domestic traders has been improved. In the off-season, the performance of the whole tin industry chain is general, and just in demand procurement is dominant. As of Friday, the price of the domestic main spot to Shanghai tin 2010 contract set price rose by 1000-1500 yuan / ton, the cloud lettered sticker was 500 yuan / ton to Pingshui, and the small brand was 1000-1500 yuan / ton.

According to the price monitoring of the business agency, in the 33rd week (8.17-8.21) of 2020, there are 13 kinds of commodities in the non-ferrous plate with a month on month rise and fall list of bulk commodity prices, with the top three commodities being praseodymium neodymium alloy (4.22%), praseodymium neodymium oxide (3.71%) and copper (3.31%). There were five kinds of commodities that declined on a month on month basis, with dysprosium metal (- 2.95%), dysprosium oxide (- 2.14%) and dysprosium ferroalloy (- 1.36%). This week, the average rise and fall was 0.92%.

In the aftermarket, the business associations believe that most of the downstream industries of tin are in the off-season, and the demand is more general at present. The price of tin spot market mostly follows the trend of futures market. It is expected that the future market will maintain oscillation.