According to the monitoring of the commodity market analysis system of Shengyi Society, the 1 # tin ingot market in East China fell this month (8.1-8.30), with an average market price of 250660 yuan/ton at the beginning of the month and 263510 yuan/ton at the end of the month, a monthly increase of 5.13%.

This month, tin prices have shown a significant fluctuation, consolidation, and upward trend, with a slight downward trend towards the end of the month.

At the mining end, Myanmar’s tin mines continue to shut down and face significant difficulties in resuming production in the short term. It is expected that the import volume of tin mines in China will remain at a low level in the third quarter. Since the shutdown in Myanmar, the proportion of tin ore from Africa and other regions in the total domestic imports has continued to rise, and it is expected that this trend will continue and remain stable in the coming period.

On the refining end, the willingness of refineries to hold prices has loosened, and some shipments have remained stable. From the current market perspective, due to the traditional off-season for consumption and the still high market prices, the demand in the terminal industry is still suppressed. In the short term, we will continue to observe and wait, and the number of orders received is not large. However, there has been a slight increase in trading among traders, with some first-time buyers purchasing in moderation at low prices, resulting in a slightly better trading atmosphere compared to before.

On the demand side, in the current off-season consumption environment, the stable order volume of solder enterprises is not enough to drive a significant increase in tin prices.

Overall, after easing macroeconomic pressure, the fundamental expectation for tin prices remains positive, and the price is expected to remain resilient.