According to the monitoring of the commodity market analysis system of Shengyi Society, the 1 # tin ingot market in East China fell this week (1.13-1.17), with an average market price of 252110 yuan/ton at the beginning of the week and 249370 yuan/ton at the end of the week, a decrease of 1.09%.
This week, tin prices have slightly fallen, mainly due to the basic end of pre holiday stocking in downstream China, which makes it difficult to support tin prices. The transition period of the US administration is characterized by significant macro uncertainty.
Fundamentally, there is currently no significant contradiction, and tin prices are greatly affected by the market this week. Domestic tin mines are still in a tense state, with a slight decrease in smelting and production scheduling.
On the supply and demand side, smelting enterprises insist on high prices before the holiday, with limited shipment volume. Downstream enterprises have low purchasing sentiment and reduced trading volume. Downstream remains price sensitive, with tin prices trending upwards recently and downstream sentiment weakening.
Based on comprehensive analysis, as the end of the year approaches, logistics and most downstream enterprises enter holiday mode, and it is expected that the market will continue to remain sluggish. Tin prices are unlikely to rebound significantly in the short term and are expected to be mainly volatile.
| http://www.sulfamic-acid.com |