Price trend

The mainstream quotation range for 1 # tin ingot in the domestic spot tin market was 204,500-207,000 RMB/ton, with an average price of 205,750 RMB/ton, a decrease of 7,500 RMB/ton compared to the previous trading day.

Analysis review

Fundamentally speaking, there has been little change in the supply and demand side recently, with overall weak performance. High inventory has dragged down the trend of tin prices. On November 1st, Shanghai tin was under pressure and had fallen, while the spot market had mostly followed the fluctuations of the futures market in recent times.

Market outlook

It is expected that the tin market will show a weaker trend.

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