On June 6, the mainstream quotation range of 1\tin ingot in the domestic spot tin market was 259000-265000 yuan / ton, with an average price of 262000 yuan / ton, down 9000 yuan / ton compared with the previous trading day.
On the morning of the 6th, Shanghai tin fell by more than 4%, and the spot market mainly followed the decline. Before the festival, the tin price hit the bottom and rebounded, but the downstream demand performance was general, and the support for tin price was limited. The inventory rebounded in the previous period, dragging down the market mentality, and the tin price fell. In the short term, the tin price mainly follows the trend of futures. Under the environment of stable supply and soft demand, the tin price is expected to fluctuate in the short term.
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