Price trend

On May 18, the average price of 1# tin ingots in the spot tin market in East China was 288,110 RMB/ton, down 2.7% from the previous trading day.

Analysis review

From a fundamental point of view, affected by the improvement in the import situation at the mine end, the domestic refineries are basically operating normally, the domestic production has rebounded to a certain extent, and the supply has rebounded.

On the downstream side, the production in the Yangtze River Delta region is still weak recently, the demand for tin ingots has been suspended, and the enthusiasm for purchasing is low.

Market outlook

It is expected that the tin price in the market outlook will continue to maintain a weak and volatile trend.

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