Source: Jintou.com
On September 21, the 1 # tin ingot main quotation range in the domestic spot tin market was 185,500-187,500 yuan / ton, with an average price of 186,500 yuan / ton, an increase of 2,500 yuan / ton compared to the previous trading day.
From a fundamental point of view, producer prices are still overall stable recently, and there is essentially no significant change on the supply and demand side, and the weak supply and demand pattern is still maintained. The operating rate of the major manufacturers is generally stable. Domestic tin production in August increased significantly, the supply of imported goods increased significantly, market prices for imported goods increased and the domestic supply of tin ingots was generally weak. In terms of downstream demand, consumption is slightly weak and willingness to stock up before the holidays is generally low. Downstream still maintains on-demand procurement and the market has a strong wait-and-see attitude.
Overall, the tin market still shows weak supply and demand, weak downstream demand and it is difficult to sustain tin prices.
(Article Source: Business Club)
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