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1, Shanghai tin, is a metal futures product introduced in the last issue, with metal tin as the target. Because it was listed in the previous issue, most traders habitually call it Shanghai Tin. The chemical symbol of metallic tin is SN, so the code of Shanghai Tin Futures is also SN. In the futures market, Sn futures refers to tin futures.
2. Metallic tin is a relatively soft silvery white metal with excellent ductility. Tin foil, tinplate, solder, etc. What we often come into contact with is processed with tin as raw material. Not only that, tin can be found in automobile manufacturing, medicine, electronic products, handicrafts, architecture and other fields, which can tell all aspects of our lives now.
3. The price fluctuation of Shanghai Tin is mainly influenced by its production cost, contradiction between supply and demand, economic development and related policies. In terms of production cost, the production cost of tin metal is the lower limit of tin industrial chain, which is mainly affected by factors such as fuel, labor and output in mining and smelting production. Once the price of tin is close to the cost, the profits of related enterprises will be very meager, which will inevitably lead to the reduction of production of upstream raw material enterprises, thus affecting the price of tin by changing the supply of tin-the contradiction between supply and demand has always been an important factor affecting the prices of various commodities.
3. Under normal circumstances, oversupply will cause the digestive pressure of the market, thus restraining the price increase. The shortage of supply means that the upstream supply is tight, and "things are scarce", which greatly boosts the price increase. However, the demand for metallic tin depends on economic development. As an important strategic resource, it is also an important non-ferrous metal in economic development. Its consumption intensity is closely related to economic development. When the economy is improving, its consumption level will also show a relatively strong trend. On the contrary, when the economy is weak, the consumption of tin will also decrease simultaneously.