On January 12th, the average market price in East China was 370,130 RMB/ton, an increase of 5.58% compared to the previous trading day. The mainstream quoted price range for domestic spot tin ingots (Grade 1) was 368,000-372,000 RMB/ton, with an average price of 370,000 RMB/ton, an increase of 19,570 RMB/ton compared to the previous trading day.
On the morning of the 12th, Shanghai tin futures showed a volatile upward trend, hitting the upper limit of the price range. The basis spread between near and far-month contracts improved significantly, with the discount narrowing considerably. In the second trading session, the price continued to rise, with the main contract eventually closing at the upper limit, a gain of 8%, reaching 376,920 RMB/ton.
Recently, persistent geopolitical tensions have sparked deep concerns in global capital markets regarding the stability of resource supplies. Against this backdrop, various countries have accelerated their efforts to stockpile strategic materials, thereby driving up the geopolitical risk premium for non-ferrous metals. Tin resource supply remains highly concentrated, with supplies from Myanmar still not returning to normal levels, resulting in an overall tight supply of tin ore. Driven by positive macroeconomic sentiment, tin prices have shown strong and rapid upward momentum.
In the spot market, prices have risen further due to renewed stimulus from macroeconomic factors. Currently, cautious sentiment persists in the short-term market. Given the weak performance of downstream consumption, even with continued price increases, the actual purchasing power of end-users remains limited. Therefore, it is expected that the market will likely remain subdued in the short term, and further monitoring of inventory dynamics is necessary.
Regarding market prices, it is heard that smaller brands are trading at a premium of around 400 RMB/ton for February delivery, while Yunnan-branded products are trading at a premium of approximately 400-700 RMB/ton for February delivery, and Yunnan Tin is trading at a premium of approximately 700-1000 RMB/ton for February de
If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
