SunSirs: Tin Prices Closed Lower, Digesting Macro News
August 04 2025 16:00:51 SunSirs (John)
Price trend
On July 31, the average market price of tin ingots in East China was 265,660 RMB/ton, down 0.87% from the previous trading day. In the domestic spot tin market, the mainstream quote range for 1# tin ingots was 265,000-267,000 RMB/ton, with an average price of 266,000 RMB/ton, down 2,340 RMB/ton from the previous trading day.
Analysis review
Shanghai tin future fluctuated and fell in the morning session, and the discount of the near-term and long-term basis in the spot market decreased slightly. In the second trading period, the price did not fluctuate much. At the close of the market on the 31st, the main contract of Shanghai tin 2509 closed down 0.92%.
Futures prices continued to decline, with smelters holding firm on prices and remaining reluctant to sell, thus restricting trading. In the spot market, market volatility persisted, with merchants maintaining a steady pace of shipments. Downstream demand was limited, with only small restockings based on rigid demand, and no significant changes had been seen. As of July 31, given the persistently weak supply and demand situation in the tin market, some market participants remained cautious, and with the continued off-season demand, a significant increase in market activity is unlikely.
In terms of following the market, the premium for August is around 200-600 RMB/ton, the premium for tin ingots with the prefix "Yun" is around 600-900 RMB/ton, and the premium for Yunnan tin ingots is around 900-1200 RMB/ton.
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