1、 Price trend

On April 18, the tin commodity index was 67.47, unchanged from yesterday, down 32.70% from the highest point in the cycle of 100.25 (2011-09-05), and up 57.42% from the lowest point of 42.86 on December 9, 2015. (Note: cycle refers to 2011-09-01 to now).

2、 Market trend analysis

Domestic market: this week, Lunxi will take the lead and then restrain. Closed on Monday, it quickly rose to a weekly high of $15650 / ton after opening on Tuesday, and then fell back under pressure. As of 16:30 on Friday, the latest price of Lunxi was $15015 / ton. Weekly level rose 65 US dollars / ton, or 0.43%, with 1047 transactions and 17339 positions, down 260. The mainstream price in the spot market this week is 131500-133000 yuan / ton, up 2500 yuan / ton from last week. In terms of premium, the premium of Yunxi is 5000-5500 yuan / ton, that of ordinary Yunzi is 4500-5000 yuan / ton, and that of small brand is 4000-4500 yuan / ton.

Industry: this week, the basic metals rose under the stimulation of a lot of more information. At the beginning of this week, OPEC + oil producing countries reached a historic production reduction agreement. Subsequently, European and American countries successively introduced various plans to restart the economy, boosting market confidence. The domestic economic data released in the first quarter showed that the economy had gone out of an obvious positive trend compared with last month. The central bank implemented targeted reduction and other measures for small and medium-sized banks.

According to the price monitoring of the business agency, in the 15th week of 2020 (4.13-4.17), there are 10 commodities in the list of commodity prices rising and falling, among which the top three commodities are zinc (2.63%), aluminum (1.75%) and tin (1.71%). There are 7 kinds of commodities falling on a month on month basis, and the top 3 products are titanium concentrate (- 3.28%), neodymium (- 1.39%) and silicon (- 1.21%). This week’s average was 0.12%.

3、 Future prospects

Next week, most of the basic metal market will be supported by long single transactions, and the spot market will maintain a certain degree of activity and persistence. Today, Xinhua news agency has announced that the 17th session of the 13th National People’s Congress will be held from April 26 to 29, and the market expects more policy guidance. Bulls can still make a difference, and each basic metal will be ready to make a breakthrough.