Weak supply and demand, tight spot trend, volatile funds wait and see [selection of SMM Tin Weekly]

Published: Oct 16, 2021 10:19
Source: SMM
[SMM Tin Weekly selected] according to SMM research, domestic smelters produced 13018 tons of refined tin in September, 4.7% lower than in August. The main reason for the decrease of output in September is that some smelters are restricted by power limitation, environmental protection technology transformation and so on. The output of the smelter is expected to increase by 11% month-on-month in October, mainly due to the weakening of the impact of power cuts in Guangxi and the resumption of production by the smelter. Output in other areas affected by environmental protection and technological transformation will also resume in October.

"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:

Shanghai tin 2111 trend this week to maintain a high range of shocks, the degree of capital participation first increased and then decreased. By the close of trading on the 5th of this week, the cumulative price had risen by 0.44%, and the total position difference had increased or decreased by 989 hands. The trend of Lunxi is stronger than that of Shanghai and tin this week, with prices hitting a record high of $37300 / tonne during the week and still fluctuating at a high of $37000 / tonne as of press time. Thursday's closing price closed at $37160 a tonne, with weekly volatility of 2.00% as of press time. The Shanghai-Lun ratio fluctuated to around 7.49. As of Friday, Lunxi inventory of 925 tons, LMEcash contract to maintain a rise of about 1005 U.S. dollars / ton.

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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

[China Tin Industry chain High-end report] China Tin Industry chain monthly report includes macro interpretation, monthly tin price review, interpretation of hot events such as various sections of the tin industry chain (tin ingots, tin mines), and future forecasts, and Synchronize releases monthly relevant enterprise operating rate and inventory survey 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.

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