Home / Metal News / Tin / [selected SMM Weekly] the spot price of Shanghai and tin fluctuated and the discount was significantly lower than that of last week.
[selected SMM Weekly] the spot price of Shanghai and tin fluctuated and the discount was significantly lower than that of last week.
Jul 4,2020 13:42CST
translation
Source:SMM
[selection of SMM Weekly report: spot prices in Shanghai and tin rose in shock and the discount decreased significantly compared with last week] spot prices in Shanghai and tin as a whole showed a fluctuating upward trend this week. Overall, the trading atmosphere in the one-week tin spot market in Shanghai is weak. In terms of rising discount, due to the continuous rise in tin prices superimposed by the fear of high demand downstream, the overall rising discount this week is significantly lower than that of last week.
The content below was translated by Tencent automatically for reference.

"SMM Tin Industry chain Weekly report" is released. SMM will select hot topics, prices, quotations or major changes in the industry chain and release information for your reference.

The following is an excerpt from the weekly report of SMM tin industry chain:

This week Shanghai tin 2009 contracts showed an overall upward trend of concussion. At the beginning of the week, tin opened at 137920 yuan / ton in Shanghai. At the beginning of the week, weak demand in the lower reaches of the week pulled down spot prices. Futures prices fell somewhat, reaching the lowest point of 136680 yuan / ton in the week, and then bottomed out. Bulls entered the market, giving up the decline and rising at the beginning of the week. The horizontal market fluctuated in the middle of the week, and its bulls continued to enter the market on Friday from the night market, reaching a weekly high of 140240 yuan / ton in the morning. After briefly breaking the pressure level of 140000 yuan / ton, it fell back to close at 139790 yuan / ton. The weekly level rose 1700 yuan / ton, or 1.23%, with 116000 hands traded and 29161 positions, an increase of 25521 hands. During the week, the main force of tin in Shanghai is positive, the physical part is above all weekly lines, and the lower shadow line is supported by the 5-week moving average. In terms of indicators, the opening of weekly MACD indicators is still upward, while that of daily MACD indicators is downward, but there is a trend that the two lines intersect and form a golden fork. The daily and weekly K lines are close to the upper track of the Bollinger belt. By today's close, Shanghai tin returned to the high level of the platform before the return year, because the gap of the decline in the epidemic has been basically made up, and the downside space is limited in the short term. Bulls continue to enter the market today, considering its position cost, it is expected that the upper pressure will be near the year-ago high of 140500 yuan / ton in the short term.

The spot price of Shanghai and tin as a whole showed a fluctuating upward trend this week. Affected by weak demand at the beginning of the week, the uplink was weak, downstream transactions warmed up, and a small amount of inventory. Then the average price rebounded to around 139250 yuan / ton following the futures, and in the middle of the week, the horizontal plate fluctuated, the center of gravity did not deviate greatly, and the spot price remained stable. Because the price is at a high level, the transaction atmosphere in the spot market is weak, and the willingness to receive goods downstream is general. Purchase on demand. To Friday, prices rebounded, the average price rose to 140250 yuan / ton, downstream enterprises are more willing to receive goods, the market turnover is light. Overall, the trading atmosphere in the one-week tin spot market in Shanghai is weak. The price quoted on Friday is 138000Lue 141,500 yuan / ton, with an average price of 140250 yuan / ton, up 750 yuan / ton from last Wednesday's price. In terms of liter discount, due to the continuous rise in tin prices superimposed by downstream fear of high demand, the overall liter discount this week has dropped significantly compared with last week, Yunxi has dropped from 2500mur3000 yuan / ton to 1000mur1500 yuan / ton, ordinary cloud word from 1500 yuan / ton to 1000 yuan / ton, small brand from 500 yuan / ton to near level water.

"apply for free access to the SMM metal industry chain database

Catalogue of "SMM Tin Industry chain Weekly report" in this issue

Main points of this issue's weekly report

Futures trend

Spot market

Review of tin ingot market

Summary of Raw material Market

Profit and loss on import and export of refined tin

Outlook for the future

Scan the QR code application report for free and join the SMM tin industry chain exchange group

[China Tin Industry chain High-end report] China Tin Industry chain monthly report includes macro interpretation, monthly tin price review, hot event interpretation and future forecast of various sections of the tin industry chain (tin ingots, tin mines). And release monthly relevant enterprise operating rate and inventory survey and other data, covering the entire tin industry chain.

[China Tin Industry chain routine report] China Tin Industry chain Weekly report includes macro interpretation, weekly tin price review, market trends such as various sections of the tin industry chain (tin ingots, tin mines), weekly social inventory, and future forecasts. a comprehensive interpretation of the tin market during the week.

Tin
tin mining
production capacity

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news