On May 22, Sunsirs tin benchmark price was 196,110.00 RMB/ton, a decrease of -6.42% compared with the beginning of this month (209,560.00 RMB/ton).

This week’s smelter start-up overall has limited changes compared with last week, manufacturers still have a strong attitude of holding up prices, the tight supply at the mine end has not improved, and smelters are more reluctant to sell. The changes on the demand side are limited, and the demand is still weak. The overall consumption in the electronic market is still weak, and there is no sign of improvement in the short term. In the downstream consumption structure of refined tin metal, solder accounts for about 44% of the share, and tin plate accounts for about 16%. Therefore, the development of the electronics industry, including the development of the new energy industry, has a greater impact on tin. The operating rate of solder enterprises is basically stable in the near future, and it is difficult to make major changes in the near future. In terms of inventory, social inventory is still at a high level this week, dragging tin prices down this week. On the whole, the pattern of weak downstream demand continues, and the impact of domestic supply and demand on tin prices is still weak. It is necessary to focus on the impact of domestic and foreign macro factors on the market.

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