According to the monitoring of the commodity market analysis system of Shengyi Society, the 1 # tin ingot market in East China fell this week (11.1-11.8), with an average market price of 254660 yuan/ton at the beginning of the week and 261830 yuan/ton at the end of the week, an increase of 2.82%.
The recent rebound trend of tin prices within the range. The tight supply at the upstream mining end continues, and although news of the resumption of tin mining in the Wa State of Myanmar continues, it has not yet been implemented. Currently, Myanmar’s mineral exports are low and there is no significant increase in the short term. In early November, the operating rate of refined tin smelters in Yunnan and Jiangxi regions slightly decreased, and there was a significant consumption of inventory in the early stage. In the context of tight mining conditions, smelting production has declined, and it is expected that tin production will remain stable throughout the year.
The tin terminal consumer electronics, semiconductor and other fields are showing a trend of recovery, driving the consumption demand for downstream tin soldering materials and other products. It is expected that the demand for electronic consumption will continue to recover. Photovoltaic and tinplate continue to grow.
Based on comprehensive analysis, with the recovery of terminal consumption and the support of various policies, tin prices are expected to maintain a strong trend within the range.
| http://www.polyvinylalcohols.com |