The latest price of tin (3-27): 201610 RMB / ton, the market outlook is bullish

Analysis points: From the perspective of supply and demand, the supply of tin ore has been limited recently, and the processing fee of tin concentrate has dropped again. As of the 27th, the processing fee in Yunnan was 13,000-14,500 RMB/ton, a monthly decline of 1,600 RMB/ton, and the decline in processing fee It also once again confirms the tense supply situation at the mine end, but it will take some time for this tension to be transmitted to the spot market supply. At present, the supply of tin ingots is relatively stable. In terms of demand, there is still no obvious improvement, and market expectations are generally weak. In terms of inventory, the current tin inventory is generally low, and the low inventory also supports the market to a certain extent. Because of the characteristics of low inventory, the price of tin market is also relatively vulnerable to fluctuations in macro factors, and the fluctuations are more obvious. On the whole, SunSirs believes that the tin market has risen significantly in the near future. In addition to the positive macro aspects, the market expects tight supply and low inventory in the future to also give strong support to the market.

Market outlook forecast: The market is expected to maintain a strong trend in the near future, and the market outlook needs to focus on the impact of tin ingot supply changes and inventory changes on market sentiment.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.