On June 22, the mainstream quotation range of 1\tin ingot in the domestic spot tin market was 234000-237000 yuan / ton, with an average price of 235500 yuan / ton, down 9250 yuan / ton compared with the previous trading day.
In terms of fundamentals, on the evening of the 13th, Tin Industry Co., Ltd. announced that it would carry out shutdown and overhaul for about 50 days on the 16th, which is expected to affect a large domestic production. However, the good news has been basically digested because the market has released the news of shutdown in the early stage. In terms of inventory, LME inventory rose to the highest level of 3345 tons in half a year, and the inventory of Shanghai Futures Exchange rose to a new high of 4022 tons in one year, which is a bad market mentality. In the downstream, the overall demand performance is average, and the overall market performance is weak. Therefore, the trend of tin price is greatly affected by the futures market, and it is expected that the future market will remain wide and volatile under the pattern of both supply and demand.
| PVA |