On October 10, the mainstream quotation range of 1 # tin ingot in the domestic spot tin market was 181000-183000 yuan/ton, with an average price of 182000 yuan/ton, down 3000 yuan/ton from the previous trading day.

During the holiday, the international macro news fluctuated frequently. Crude oil rose for five consecutive days. The market’s concern about the US economic recession grew. The dollar index fell for two consecutive days. The LME metal market rose and fell with each other, led by London Lead, which fell by 5.94%. On the night of the 7th, the LME market closed down across the board, and London Tin fell by more than 4%. Driven by the rise of the oil sector, the atmosphere in the domestic futures market is generally optimistic. The trend of the nonferrous metal market today is relatively divergent. In the morning, Shanghai nickel and Shanghai tin declined, while other metals generally strengthened.

Fundamentally speaking, the support of overseas demand in the near future is weak, the sales of tin terminal consumer goods, electronics, household appliances and other products are poor, and the market expectation is weak. In terms of supply, the supply of imported goods increased, the quotation of imported goods in the market increased, and the domestic supply of tin ingots was slightly loose compared with the previous period. After the festival, the downstream continued to maintain just in demand procurement and bargain hunting, and the market trading atmosphere was light. Due to the low inventory of tin, it is obviously disturbed by the macro and domestic capital. The business community expects that the future tin price will still be affected more by the macro, mainly maintaining a wide range of shocks.