Commodity News
SunSirs: Domestic Spot Tin Market Price Increase
November 07 2023 11:21:52
The mainstream quotation range for 1 # tin ingot in the domestic spot tin market is 208500-210500 RMB/ton, with an average price of 209500 RMB/ton, an increase of 1500 RMB/ton compared to the previous trading day.
Fundamentally speaking, there has been little change in the supply and demand side recently, and the overall trend is relatively weak. The recent trend mainly follows macro fluctuations, with the Shanghai Tin Exchange rising earlier today and the spot market following a slight upward trend. Future expectations remain weak, and overall, the tin ingot market is under pressure under high inventory pressure.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
Related Information
- 2024-04-25 SunSirs: Affected by Supply Shortage on April 22nd, Shanghai Tin Rose 6.31% in a Single Day
- 2024-04-18 SunSirs: On April 17th, under the Macroeconomic Disturbance, the Shanghai Tin Exchange Ended Its 10 Consecutive Gains
- 2024-04-11 SunSirs: On April 10th, Supply Concerns Combined with Macroeconomic Benefits Led to an Increase in Shanghai Tin Prices
- 2024-02-07 SunSirs: The Holiday Atmosphere Was Strong, and the Tin Ingot Market Was Operating to Be Weaker (January 29-February 5)
- 2024-01-30 SunSirs: Stocking before Holiday, Tin Ingot Market Was Upward (January 19-26)
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