The spot tin market price (10.15-10.22) fluctuated upward this week. The average price in the domestic market was 2853877.50 yuan / ton last weekend and 289762.50 yuan / ton this weekend, up 1.53% this week.

On October 22, the tin commodity index was 147.60, unchanged from yesterday, down 2.93% from the highest point 152.06 in the cycle (2021-10-21), and up 244.38% from the lowest point 42.86 on December 9, 2015. (Note: the period refers to the period from September 1, 2011 to now).

The futures market continued to strengthen this week, hitting a new high of $38800 / ton. Tin prices continue to set new record highs. Recently, long and short differences have increased. The market is on the sidelines, and some people are afraid of heights again. In the spot market, the processing fee has risen rapidly recently, and the smelter is under great pressure. With the recovery of tin price and good profits, the smelter is motivated to start work. In October, the impact of power rationing policy and environmental protection policy gradually weakened, and the future supply is expected to increase further. However, the overall inventory is still low and the supply is still tight. Overall, the pattern of tin supply and demand remains weak, and the price remains volatile. However, the supply side is tight, the domestic tin ingot inventory continues to be low, and the support for tin price is good.

According to the price monitoring of the business community, in the list of commodity prices rising and falling in the 42nd week of 2021 (10.18-10.22), there are 14 kinds of commodities rising month on month in the non-ferrous sector, including 3 kinds of commodities rising by more than 5%, accounting for 13.6% of the monitored commodities in the sector; The top three commodities were praseodymium neodymium oxide (6.50%), praseodymium neodymium alloy (5.65%) and neodymium oxide (5.51%). A total of 6 commodities decreased month on month, and 3 commodities decreased by more than 5%, accounting for 13.6% of the monitored commodities in this sector; The products with the top three declines were silicon (- 13.79%), zinc (- 10.44%) and aluminum (- 9.11%). The average rise and fall this week was – 0.29%, and the nonferrous metal market rose more or fell less this week.

In the future, the business community believes that the tight supply supports the rising tin price, which is difficult to alleviate in the short term. It is expected that the tin price will still maintain a strong trend of shock.