According to the monitoring of the commodity market analysis system of Shengyi Society, the 1 # tin ingot market in East China fell and rose this week (5.26-5.30), with an average market price of 264520 yuan/ton at the beginning of the week and 251610 yuan/ton at the end of the week, a decrease of 4.88%.
On the supply side, the overall supply situation of major tin ore supply areas such as Yunnan is becoming tight. As a result, some smelting enterprises may take measures to suspend production and maintenance in the future to cope with the shortage of raw materials. In terms of the market, there has been a particularly strong reaction to rumors that resuming production in the Wa region requires payment of relevant fees. At present, only a few enterprises have completed the payment procedures for mining certificates, and most enterprises are still adopting a wait-and-see attitude. Most top mining traders have not taken any action. In addition, the current review measures at the China Myanmar border are relatively strict, and the entry procedures for large equipment and related mining personnel are cumbersome and complex, which further affects the resumption of production in the Wa region and prevents it from meeting market expectations.
On the demand side, the trading activity in the spot market has significantly increased recently. After the tin price experienced a sharp decline, some companies seized the opportunity to launch procurement actions. With the further decline in prices, the purchasing willingness of downstream and end enterprises has significantly increased, and they have made essential purchases according to actual needs and appropriately replenished inventory.
comprehensive analysis
In the downstream application field of tin, the market performance of tinplate and tin chemical industry is relatively average, while the increase in demand mainly comes from the largest proportion of tin solder materials. However, there are still hidden concerns on the demand side, that is, in the context of global trade conflicts, the global economic growth rate is facing the risk of decline, which brings great uncertainty to the demand for tin. Although the resumption of production in the mining sector and trade conflicts between major countries have had a negative impact on tin prices, the strong performance of the current actual demand side and the shortage of tin ore supply can still provide some support for tin prices.
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