According to the monitoring of the commodity market analysis system of Shengyi Society, the 1 # tin ingot market in East China fell this week (10.21-10.25), with an average market price of 256220 yuan/ton at the beginning of the week and 254500 yuan/ton at the end of the week, a decrease of 0.67%.

The overall trend of tin prices in recent times has been fluctuating and adjusting. The current tight supply of tin ore has gradually spread to the smelting end, affecting the normal production of a small number of smelting enterprises. There are signs of recovery on the demand side, but the extent of recovery is relatively limited, and the overall supply and demand situation is basically stable. Recently, there have been frequent news about Myanmar’s low state, which has affected the market sentiment. We still need to pay attention to the progress of the situation in the future.

The operating rate of downstream soldering enterprises is good, with slight signs of recovery. Recently, tin prices have declined, and downstream demand for goods has warmed up. The overall trading performance in the market is still acceptable. Downstream feedback shows that prices have fluctuated significantly in recent times, and many end customers have become increasingly cautious in their wait-and-see attitude. Orders have not shown a significant increase yet, and the overall market sentiment is cautious as it maintains a strong demand for replenishment. It is expected that tin prices will maintain a volatile trend in the short term.