The spot tin market price (10.29-11.05) fluctuated upward this week. The average price in the domestic market was 2777637.50 yuan / ton last weekend and 290387.50 yuan / ton this weekend, up 4.59% this week.

The commodity price K-bar chart uses the concept of K-line of price trend to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy, sell and invest according to the changes of K-bar chart. Red means: rising; Green means: falling; The height of K column indicates the range of rise and fall. As shown in the figure above, tin prices have fallen for two consecutive weeks.

The futures market continued to strengthen this week. Although the dollar fluctuated upward at the beginning of the week, the base metals were generally under pressure, and most of the fluctuated downward trend. The spot market followed the trend of the futures market, and the price continued to rebound. However, on November 1, the latest data of LME tin inventory was 680 tons, including 285 tons in Port Klang, which was the lowest in recent 30 years,. Tin prices rebounded on the support of low inventories. The spot market price is rising, and the fear of heights is gradually rising. The market mostly maintains premium shipment, and the transaction is general. Some of the quotation is suspended. The downstream still maintains on-demand procurement, and the transaction is limited within the week. In terms of supply and demand, the import side has not recovered, the import volume continues to be low, the market supply is still tight, and low inventory is the main driver of tin price rise.

According to the price monitoring of the business community, in the list of commodity prices rising and falling in the 44th week (11.1-11.5) of 2021, there are 13 kinds of commodities rising month on month in the non-ferrous sector, including 7 kinds of commodities rising by more than 5%, accounting for 31.8% of the monitored commodities in the sector; The top three commodities were praseodymium neodymium oxide (9.41%), praseodymium neodymium alloy (9.30%) and metal neodymium (8.38%). A total of 9 kinds of commodities decreased month on month, and 3 kinds of commodities decreased by more than 5%, accounting for 13.6% of the monitored commodities in this sector; The products with the top three declines were silicon (- 22.21%), aluminum (- 7.78%) and zinc (- 5.18%). The average rise and fall this week was 0.67%, and the nonferrous metal market rose more and fell less.

In the future, the business community believes that the impact of power restriction policy on the market has been very small. Tight supply supports the rise of tin price, which is difficult to be alleviated in the short term. It is expected that tin price will still maintain a strong trend of shock.