In September 2020, the domestic 1 ᦇ tin ingot Market fluctuated and fell, with the average price of domestic market at 144887.50 yuan / ton at the beginning of the month and 143250 yuan / ton at the end of the month, down 1.13%.
|Gamma Polyglutamic Acid|
On September 29, the tin commodity index was 72.97, up 0.98 points compared with yesterday, 27.21% lower than 100.25 points (2011-09-05), and 70.25% higher than the lowest 42.86 points on December 09, 2015. (Note: period refers to 2011-09-01 to now).
In September, Lunxi, Xihu, Wuxi, Wuxi and Wuxi futures market mainly fluctuated downward, closing at 145800 yuan / ton on the first day and 141720 yuan / ton at the end of the month, with the highest value of 148690 yuan / ton and the lowest of 138180 yuan / ton, falling by 4080 yuan / ton or 2.8%. It was mainly affected by the sharp fall of US stocks, the rebound of the US dollar index and the decline of the nonferrous metal market. In the middle of the month, the US dollar index went down, but then continued to rebound. In the near end of the month, the US dollar continued to fluctuate under the influence of foreign public events. The trend of metal market is fluctuating this month.
The spot market followed the trend of Shanghai and Wuxi this month, and the overall trend was mainly volatile. As of the end of the month, the mainstream price of domestic spot market was 144000-146000 yuan / ton. Myanmar’s export ban was extended to the end of October. Affected by local public health, the export of the mine was blocked. According to the latest statistics, the domestic tin ore import in August decreased by 37% year-on-year, with an import of 8077 tons. In terms of refined tin, the import volume in August was 348 tons, down 87.5% month on month. Although the production of yinman has been resumed in China, it can only partially improve the domestic supply situation. During the long holiday, there will be more uncertainties in the international fundamentals, and there will be some pressure on the market after the holiday.
|gamma polyglutamic acid fertiliser(fertilizer) grade|
As for the future market, the business community believes that it is necessary to focus on fundamental factors such as the US dollar index, the progress of public health events in Europe, and LME inventory situation, while the domestic focus on the inventory situation.
Us tin imports increased month on month in July, while exports declined: Washington reported on September 4, according to the data released by the US Department of Commerce, US tin imports in July were 2147053kg, higher than 1340193kg in June, and the total imports in the first seven months of this year were 20589033kg. U.S. tin exports in July were 129475kg, lower than 169541kg in June. In the first seven months of this year, US exports totaled 1077194kg.
Indonesia’s refined tin export in August increased by 11.6% year-on-year: according to the data released by Indonesia’s Ministry of trade on September 8, Indonesia’s refined tin export volume in August was 6158.67 tons, up 11.6% over the same period of last year and 27.1% higher than that of the previous month.