On May 18, the demand was weak and the tin price decreased

On May 18, the average price of 1# tin ingots in the spot tin market in East China was 288110 yuan / ton, down 2.7% from the previous trading day.


In terms of fundamentals, affected by the improvement of the import situation at the mine end, the operation of domestic refineries is basically normal, the domestic output has rebounded to a certain extent, and the supply has rebounded. In the downstream, the production in the Yangtze River Delta is still weak recently, the demand for tin ingots is suspended, and the purchase enthusiasm is low. It is expected that the tin price will continue to maintain a weak and volatile trend in the future