Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the 1 # tin ingot market in East China rose this week (6.23-6.27), with an average market price of 262,080 RMB/ton at the beginning of the week and 269,640 RMB/ton at the end of the week, with a weekly increase of 2.88%.

Analysis review

On the supply side, there was also a downward trend. Due to the reduction in tin concentrate supply, smelters were affected by shutdowns and maintenance, resulting in a corresponding decrease in operating rates. At the same time, smelters that use waste tin as raw material were also facing a shortage of raw materials, resulting in a passive reduction in their production.

On the demand side, after the wave of photovoltaic installation had subsided, the order volume of photovoltaic tin bars in East China significantly declined, and the operating rates of some manufacturers had also decreased accordingly; In the field of the electronics industry, electronic terminals in southern China entered a off-season, and tin prices continued to be high. Terminal customers had a strong wait-and-see attitude, and orders were only maintained at a level that met rigid demand; The demand for tinplate, chemical and other industries remained stable, without any unexpected growth trend.

Market outlook

The market showed a weak supply-demand situation, but it was worth noting that the overall inventory level was low, especially overseas inventory had dropped to an extremely low level. In addition, recent macroeconomic optimism dominated, and these factors collectively supported the continued strength of tin prices amidst volatility.

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