Price trend
On May 11, the mainstream quotation range of 1# tin ingot in the domestic spot tin market was 305,000-312,000 RMB/ton, with an average price of 308,500 RMB/ton, down 10,500 RMB/ton from the previous trading day.
Analysis review
Recently, the import of tin ingots has improved to a certain extent. With the resumption of production in Malaysia and Indonesia, the supply of imported tin ingots has begun to improve, but the current downstream demand is still weak. From the perspective of supply and demand, there are many negative factors for tin prices. In addition, there have been many negative macroeconomic issues recently, non-ferrous metals are generally under pressure, some funds have left the market, and market sentiment is weak,
Market outlook
It is expected that the tin price will fluctuate and decline in the market outlook.
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