On April 1, the mainstream quotation range of 1# tin ingots in the domestic spot tin market was 346500-348500 yuan / ton, with an average price of 347500 yuan / ton, down 2250 yuan / ton from the previous trading day.
On Thursday night, the US dollar index closed higher and the metal market was under pressure. Lunxi closed down 0.63% and Shanghai tin closed down 0.52%. Today, Shanghai tin fell by more than 1%, and the spot market followed the decline. Basically, the current market supply is still tight, the market trading situation is general, the tin price is high, the downstream still maintains on-demand procurement, and the overall transaction situation is general. The upstream Myanmar tin concentrate import is relatively stable. At present, the domestic tin inventory is still low. The downstream solder enterprises are currently operating on a low level and have weak demand for tin. The tin market as a whole is still in a pattern of weak supply and demand. Supported by low inventory, the tin price is stable, medium and strong.
| PVA |