According to the monitoring of the commodity market analysis system of Shengyi Society, the 1 # tin ingot market in East China fell this week (1.20-1.24), with an average market price of 247920 yuan/ton at the beginning of the week and 247210 yuan/ton at the end of the week, a decrease of 0.29%.
Tin prices have risen and fallen this week. Recently, the trading performance of the spot tin market has been relatively flat, with most trading companies’ transactions mainly scattered. Although some imported tin has arrived at the port, due to the large pre-sale quantity in the early stage, the spot resources of imported tin still appear tight. In addition, with the upcoming Spring Festival holiday, most trading companies’ inventory remains at a low level, and the market may face further tightening of spot resources in the future. Judging from the tight supply situation, there is still good support for tin prices.
Fundamentally, the import volume of tin ore has remained at a low level for several consecutive months. The prolonged shutdown in the Wa State region has had a significant impact that continues to ferment and become apparent. As a result, the processing cost of tin ore has fallen to a low point in recent years, and this trend is having a significant impact on the smelting end. The operating rate of refineries in Yunnan region has declined, and the year-on-year growth rate of refined tin production has also shown a downward trend.
On the supply and demand side, the new energy industry and the electronics industry have shown good recovery expectations. Especially prominent is the increasing demand for tin in the electric vehicle industry and renewable energy sector. These positive factors are expected to provide stable support for tin prices in the medium to long term.
Based on comprehensive analysis, in the short term, influenced by multiple factors such as low inventory levels and policy adjustments, market sentiment is gradually tending towards a cautious trend, and tin prices will continue to fluctuate.
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