On June 9, the mainstream quotation range of 1\tin ingot in the domestic spot tin market was 260500-264500 yuan / ton, with an average price of 262500 yuan / ton, an increase of 6000 yuan / ton compared with the previous trading day.
On the 9th, Shanghai tin rose. Data released by the Indonesian Ministry of trade on Wednesday showed that Indonesia’s refined tin exports in May were 5283.46 tons, down 42.8% from April. The market is expected to tighten the supply in the future, boosting the tin price. In terms of downstream demand, the recent positive domestic policies have been continuously released, and the future market demand is expected to improve. Double positive support tin price upward. However, at present, the overall demand performance of the downstream is general, and the release of demand needs to be digested for a period of time. Therefore, it is expected that the upward space of tin price is limited, and the future market will focus on the downstream construction.
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