Commodity News
SunSirs: On December 19th, the Domestic Spot Tin Market Price Increased
December 20 2023 14:09:23 SunSirs (John)
Price trend
On December 19th, the mainstream quotation range for 1 # tin ingot in the domestic spot tin market was 207,000-209,000 RMB/ton, with an average price of 208,000 RMB/ton, an increase of 500 RMB/ton compared to the previous trading day.
Market outlook
In the morning, Shanghai tin rose slightly, and the spot market followed a slight adjustment. Overall, the tin ingot market had been relatively loose in supply recently, while demand remained weak. From the perspective of supply and demand, it is expected to maintain a stable and weaker operation in the short term. In the future, it is still necessary to focus on inventory changes and macro factors.
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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