According to the monitoring of the commodity market analysis system of Shengyi Society, the 1 # tin ingot market in East China rose this week (6.23-6.27), with an average market price of 262080 yuan/ton at the beginning of the week and 269640 yuan/ton at the end of the week, with a weekly increase of 2.88%.
On the supply side, there is also a downward trend. Due to the reduction in tin concentrate supply, smelters have been affected by shutdowns and maintenance, resulting in a corresponding decrease in operating rates. At the same time, smelters that use waste tin as raw material are also facing a shortage of raw materials, resulting in a passive reduction in their production.
On the demand side, after the wave of photovoltaic installation has subsided, the order volume of photovoltaic tin bars in East China has significantly declined, and the operating rates of some manufacturers have also decreased accordingly; In the field of the electronics industry, electronic terminals in southern China have entered a off-season, and tin prices continue to be high. Terminal customers have a strong wait-and-see attitude, and orders are only maintained at a level that meets rigid demand; The demand for tinplate, chemical and other industries remained stable, without any unexpected growth trend.
comprehensive analysis
The current market shows a weak supply-demand situation, but it is worth noting that the overall inventory level is low, especially overseas inventory has dropped to an extremely low level. In addition, recent macroeconomic optimism has dominated, and these factors collectively support the continued strength of tin prices amidst volatility.
| http://www.polyvinylalcohols.com |