Price trend
On October 19th, the mainstream quotation range for 1# tin ingot in the domestic spot tin market was 218,000-219,000 RMB/ton, with an average price of 218,500 RMB/ton, a decrease of 750 RMB/ton compared to the previous trading day.
Analysis review
Fundamentally speaking, there had been little change in the supply and demand side recently, and the overall performance was weaker. The market trading was slightly deserted near the weekend.
Market outlook
It is expected that the tin market will mainly experience volatility at high levels, with a focus on macro impact and downstream stocking demand.
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