According to the monitoring of the commodity market analysis system of Shengyi Society, the 1 # tin ingot market in East China rose this week (1.1-1.10), with an average market price of 245960 yuan/ton at the beginning of the week and 252190 yuan/ton at the end of the week, an increase of 2.53%.
| Thiourea |
This week, the overall tin price fluctuated at a low level and then rose slightly. This week, spot market prices have fluctuated widely with Shanghai tin. From a macro perspective, the government’s policy of offering subsidies for the trade in of consumer electronics has a positive impact on tin prices and provides support. However, with the expectation of the Federal Reserve suspending interest rate cuts, there is no support for the non-ferrous sector and caution is needed.
Fundamentally, tin ore supply remained tight in January, and the smelting end gradually entered seasonal shutdowns due to the approaching Spring Festival holiday, resulting in a decrease in supply.
On the supply and demand side, the market has gradually started borrowing money to stock up recently, and tin prices have fluctuated and risen within a certain range. With the price increase, downstream sentiment of fear of high prices has emerged, and the willingness to transact has decreased. Downstream soldering companies have shown good order performance and active terminal procurement.
Overall, the favorable policies support tin prices, but in the short term, due to the upcoming traditional Spring Festival holiday and the entry of enterprises into holiday mode, market trading volume has decreased. Expected to fluctuate within the tin price range in the short term.
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