The mainstream quotation range for 1 # tin ingot in the domestic spot tin market is 208500-210500 RMB/ton, with an average price of 209500 RMB/ton, an increase of 1500 RMB/ton compared to the previous trading day.
Fundamentally speaking, there has been little change in the supply and demand side recently, and the overall trend is relatively weak. The recent trend mainly follows macro fluctuations, with the Shanghai Tin Exchange rising earlier today and the spot market following a slight upward trend. Future expectations remain weak, and overall, the tin ingot market is under pressure under high inventory pressure.
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