Price trend
On April 20, the mainstream quotation range of 1# tin ingot in the domestic spot tin market was 344,500-347,500 RMB/ton, and the average price was 346,000 RMB/ton, which was 750 RMB/ton lower than the previous trading day.
Analysis review
On the night of the 19th, the US dollar continued to strengthen and rushed above 101, a new high in nearly 11 months. LME metals closed up across the board except for aluminum. London tin rose 0.6%, and Shanghai tin rose 0.44% in night trading. As of the 20th, the main Shanghai tin contract 2205 closed down 1.19%, and most spot market prices fell on the 20th.
Fundamentally, the recent transportation situation has not been improved, the transaction is weak, the downstream is still purchasing on demand, and the market is mainly on the sidelines.
Market outlook
It is expected that the tin price will fluctuate at a high level in the market outlook.
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