Commodity News
SunSirs: Domestic spot tin ingot market prices rose on November 7
November 07 2022 11:17:23 http://www.100ppi.com/news/detail-20221107-2356746.htmlThe mainstream quotation range of 1# tin ingot in the domestic spot tin market is 168,000-170,000 RMB/ton, with an average price of 169,000 RMB/ton, an increase of 5,500 RMB/ton from the previous trading day.
On the 4th, the US dollar closed down 1.95%, and the metal market generally rose due to the boost. Shanghai tin led the rise by 6.26% in night trading, and continued to rise in early trading, rising by more than 5%, and the spot market followed suit.
From the fundamental point of view, the mentality of the tin market is still low, and the price of tin is more affected by the macro, and it is mainly to maintain a wide fluctuation trend.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
Related Information
- 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)
- 2024-01-24 SunSirs: The Tin Ingot Market Slightly Increased due to Pre Holiday Stocking (January15-22)
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