Supply tightening on June 9 boosted tin price

On June 9, the mainstream quotation range of 1\tin ingot in the domestic spot tin market was 260500-264500 yuan / ton, with an average price of 262500 yuan / ton, an increase of 6000 yuan / ton compared with the previous trading day.

 

On the 9th, Shanghai tin rose. Data released by the Indonesian Ministry of trade on Wednesday showed that Indonesia’s refined tin exports in May were 5283.46 tons, down 42.8% from April. The market is expected to tighten the supply in the future, boosting the tin price. In terms of downstream demand, the recent positive domestic policies have been continuously released, and the future market demand is expected to improve. Double positive support tin price upward. However, at present, the overall demand performance of the downstream is general, and the release of demand needs to be digested for a period of time. Therefore, it is expected that the upward space of tin price is limited, and the future market will focus on the downstream construction.

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On June 8, the price of cryolite was temporarily stable

Trade name: cryolite

 

Latest price (June 8):7600 yuan / ton

 

Key points of analysis: today’s cryolite market is temporarily stable, and the average production price in Henan is flat compared with the previous working day. The cryolite raw materials are tight, the enterprise cost pressure is high, the cryolite device in the site mainly operates at low load, the manufacturer’s inventory is low, the market supply is tight, the downstream demand follows up smoothly, the enterprise ships smoothly, the quotations this week continue to last week’s prices, the operator’s wait-and-see mentality is dominant, and the market quotation operates smoothly.

 

Aftermarket forecast: the short-term cryolite market will wait and see, and pay attention to the market supply.

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On June 7, the domestic hydrofluoric acid market price was temporarily stable

Region, Price (yuan / ton), Rise and fall (yuan / ton)

Jiangxi region, 10900-11300., 0

Henan region, 11000-11500., 0

Inner Mongolia, 10600-10800., 0

Shandong region, 11000-11500., 0

Fujian, 10900-11300., 0

On June 7, the mainstream price of domestic anhydrous hydrofluoric acid manufacturers was 10800-11300 yuan / ton. The ex factory price of the on-site merchants remained stable for the time being. The operating rate of domestic hydrofluoric acid manufacturers increased, and the on-site supply was sufficient. Recently, the fluorite price rose slightly, but the downstream Refrigerant Market continued to decline, and the on-site procurement was not active. In general, it is expected that the on-site hydrofluoric acid price will decline slightly in the later period.

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Demand on June 6 dragged down tin price

On June 6, the mainstream quotation range of 1\tin ingot in the domestic spot tin market was 259000-265000 yuan / ton, with an average price of 262000 yuan / ton, down 9000 yuan / ton compared with the previous trading day.

 

On the morning of the 6th, Shanghai tin fell by more than 4%, and the spot market mainly followed the decline. Before the festival, the tin price hit the bottom and rebounded, but the downstream demand performance was general, and the support for tin price was limited. The inventory rebounded in the previous period, dragging down the market mentality, and the tin price fell. In the short term, the tin price mainly follows the trend of futures. Under the environment of stable supply and soft demand, the tin price is expected to fluctuate in the short term.

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The styrene butadiene rubber market rose in May

The cost side rose and the demand side recovered, and the price of styrene butadiene rubber rose in May. According to the monitoring data of business agency, as of May 31, the price of styrene butadiene 1502 was 12700 yuan / ton, up 6.80% from 11891 yuan / ton at the beginning of the month.

 

Since May, the ex factory price of styrene butadiene rubber has increased. According to the monitoring of the business agency, as of May 31, Sinopec North China sales company Qilu 1502 reported 12800 yuan / ton, and North China warehouse raised the price. The international oil price rose, the prices of raw materials butadiene and styrene rose, and the cost side supported; In addition, the construction of downstream tire enterprises is between 60% and 70%, and most of them have the behavior of purchasing and replenishing stock, so the offer of traders is higher.

 

In May, the prices of butadiene and styrene rose, which strengthened the support of styrene butadiene rubber. According to the monitoring of business agency, as of May 31, the price of butadiene was 11274 yuan / ton, up 14.86% from 9816 yuan / ton at the beginning of the month. As of May 31, the price of styrene was 10264 yuan / ton, up 5.46% from 9733 yuan / ton at the beginning of the month

 

The natural rubber market rose slightly in May. As of May 31, the price was 12922 yuan / ton, up 3.28% from 12512 yuan / ton at the beginning of the month.

 

Future forecast: the analysts of the business community believe that the cost side is rising and the demand side is supporting. It is expected that the styrene butadiene rubber will fluctuate at a high level in the later period.

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