SunSirs: On May 24, the Fundamentals Were Weak, and the Price of Tin Fell
May 25 2022 08:19:42 SunSirs (John)Price trend
On May 24, the mainstream quotation range of 1# tin ingot in the domestic spot tin market was 280,000-286,000 RMB/ton, with an average price of 283,000 RMB/ton, down 3,000 RMB/ton from the previous trading day.
Analysis review
The downstream market had no obvious enthusiasm for entering the market, which aggravated the wait-and-see mood in the downstream. The overall market transaction was not active, there were few inquiries, and there was no market for prices.
In terms of supply, affected by the increased supply of imported goods, the overall market supply was relatively loose. In the supply and demand environment where downstream demand was difficult to release, tin prices lacked support
Market outlook
It is expected that the price of tin will be weak in the market outlook.
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