On July 5, the commodity price index BPI was 746 points, up 2 points compared with July 4, 26.79% lower than the cycle high of 1,019 (April 10, 2012), and 13.03% higher than the lowest point of 660 on February 3, 2016. (Note: period refers to 2011-12-01 to now).

On July 5, the tin commodity index was 71.53, which was the same as July 4, decreased by 28.65% from 100.25 (2011-09-05), and increased by 66.89% compared with the lowest point of 42.86 on December 09, 2015. (Note: period refers to 2011-09-01 to now).

The US dollar index fell 0.03% to 97.1846; offshore RMB fell 0.02% against the US dollar and USDCNH was at 7.0687; Goldman Sachs lowered its U.S. GDP forecast to shrink by 4.6% in 2020, previously expected to shrink by 4.2%; the U.S. economy is expected to grow by 5.8% next year, and the unemployment rate is expected to reach 9% by the end of this year, which is lower than the previous 9.5% expectation. According to the data of Russian energy ministry, Russia's oil production in June was predicted 9.323 million barrels / day, down 16.5% year-on-year and 0.8% month on month; crude oil market: the spot Brent of crude oil (as of 3:00 a.m. on July 4, Beijing time) closed at $43.145/barrel, up $0.025 or 0.06% month on month compared with the previous trading day. Last Friday was a holiday in the United States and WTI oil prices were not available. Affected by this, LME market was up and down, with copper down 1.29%, aluminum down 0.74%, zinc down 0.42%, nickel up 0.43%, tin up 0.18%, and lead up 0.71%. In the Chinese futures market, Shanghai copper fell 0.59%, Shanghai aluminum rose 0.43%, Shanghai zinc fell 0.18%, Shanghai lead fell 0.71%, Shanghai nickel rose 0.49%, Shanghai tin rose 0.43%, thread rose 0.44%, stainless steel fell 0.26%.

London tin trend: LME tin opened at 16,875 USD / T, the highest USD 16,910 USD / T, the lowest USD 16,780 / T, and the closing USD 16,900 / T, with an increase of 30 USD / T or 0.18%, 93 deals and 16,950 positions, with a decrease of 30 hands.

Shanghai tin trend: the main contract of Shanghai tin futures opened at 140,050 yuan / ton on Friday night, with a maximum of 140,240 yuan / ton and a minimum of 139,200 yuan / ton, closing at 139,800 yuan / ton, up 10 yuan / ton.

The tight supply situation in the spot tin market has been eased recently, and the price has entered a stable range. It is expected that the future market will mainly wait and see.

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