Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the 1# tin ingot market in East China fell this week (8.26-8.29), with an average market price of 265,640 RMB/ton at the beginning of the week and 265,680 RMB/ton at the end of the week, a decrease of 0.21%.

Analysis review

Recently, tin prices had fluctuated downward. The price fluctuation had intensified, and the willingness of refineries to raise prices was supported, which hindered the actual shipment volume. There was no significant improvement in the overall spot market, with traders selling steadily and first-time buyers restocking at low prices.

The demand terminal industry was in the off-season of consumption, with limited price advantages and suppressed order demand. The maintenance of leading enterprises and tight supply had provided support for tin prices.

Market outlook

The tin ingot market still needs to pay more attention to whether the actual consumption during the peak season in the future market will increase, as well as changes in inventory.

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