According to the monitoring of the commodity market analysis system of Shengyi Society, the 1 # tin ingot market in East China fell this week (10.25-10.30), with an average market price of 254500 yuan/ton at the beginning of the week and 255190 yuan/ton at the end of the week, an increase of 0.27%.
Overall this week, news about tin mines in Myanmar has been frequent, and downstream purchasing sentiment is relatively cautious. After Yunxi resumed production, domestic supply resumed and social inventory increased for two consecutive weeks. Refineries are facing obstacles in their pricing mentality and their shipments are restricted. The buyer’s mentality in the spot market is cautious, and the overall demand growth is lower than expected. After causing a slight rebound in tin prices, there was a slight decline. But the terminal inquiry heat is good, traders have increased shipments, and the overall market atmosphere is better than last week.
The weakening of the supply and demand margin makes it difficult to provide support for tin prices, and there is significant resistance to price increases. It is expected that tin prices will adjust weakly between high and low regions.
| http://www.pva-china.net |