1. Price trend

On February 16, the tin commodity index was 70.14, the same as yesterday, 30.03% lower than the highest point in the cycle of 100.25 (September 5, 2011), and 63.65% higher than the lowest point of 42.86 on December 9, 2015. (Note: cycle refers to September 1, 2011 to now).

2. Market trend analysis

Domestic market: the price of LME tin rose this week, up $260 ton or 1.6% as of Friday, with 736 transactions and 19,882 positions, an increase of 734. As of Friday, Shanghai tin rose 620 RMB/ton, or 0.46%, with 37,000 transactions and 38,782 positions, up 2,312. The spot market price is stable. Affected by the logistics and resumption of work, most manufacturers have not yet resumed work, sales are limited, and market transactions are limited. The main market price is 135,000-140,000 RMB/ton.

3. Future prospects

After the completion of next week's delivery, because the overall supply is still increasing and the consumption is afraid that under the premise that the logistics cannot be fully opened, even if the resumption of work is gradually increasing everywhere, the activity of the spot will not be substantially improved, and the futures market performance of the basic metals will continue to fluctuate in the range, and under the signal that the epidemic has not obtained the inflection point, it is difficult for long-term trading to take a unilateral lead Restricted by logistics factors and slightly supported by prices, the company will focus on the logistics situation and resumption of work next week. It is expected that the spot market will fluctuate.

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