On September 30, Shanghai tin closed down 1.86%

On September 30, the mainstream quotation range of 1# tin ingots in the domestic spot tin market was 276500-278500 yuan / ton, with an average price of 277500 yuan / ton, down 1500 yuan / ton compared with the previous trading day.

On September 29, the tin commodity index was 142.25, up 1.65 points from yesterday, down 2.83% from the highest point of 146.39 in the cycle (2021-09-27), and up 231.89% from the lowest point of 42.86 on December 9, 2015. (Note: the period refers to the period from September 1, 2011 to now).

On Wednesday night, the US dollar hit a high level in nearly a year, and the metal market was under pressure. The night market generally fell, Lun Xi fell 0.59% and Shanghai Xi fell 1.12%. In early trading today, Shanghai tin continued the trend of shock last night, down about 0.9%. As of the closing on September 30, the settlement price of the main contract of Shanghai tin 2111 was 270680 yuan / ton, down 1.86%. The spot market generally fell today, with the mainstream down 1500 yuan / ton, and the market trading was cold near the holiday. The main downstream areas are Guangdong and Jiangsu and Zhejiang, which are the key implementation areas of power restriction. The production restriction in the main production areas has a great impact on the demand for tin. Although the overall inventory is still low, the social inventory has rebounded recently.

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