Price trend
On December 19th, the mainstream quotation range for 1 # tin ingot in the domestic spot tin market was 207,000-209,000 RMB/ton, with an average price of 208,000 RMB/ton, an increase of 500 RMB/ton compared to the previous trading day.
Market outlook
In the morning, Shanghai tin rose slightly, and the spot market followed a slight adjustment. Overall, the tin ingot market had been relatively loose in supply recently, while demand remained weak. From the perspective of supply and demand, it is expected to maintain a stable and weaker operation in the short term. In the future, it is still necessary to focus on inventory changes and macro factors.
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