On December 15, the mainstream quotation range of 1 # tin ingot in East China spot market was 191500-193500 yuan/ton, with an average price of 192500 yuan/ton, 2500 yuan/ton lower than the previous trading day. The average price in the domestic market was 192520 yuan/ton, down 1.43% and 34.35% year on year compared with the previous trading day.
On the night of the 14th, the metal market fell more or less. Shanghai Tin fell about 1.4%, while London Tin fell 1.04%. In the morning trading, Shanghai Tin continued its decline. As of the closing of the Shanghai Tin 2301 contract on the 15th, the closing settlement price was 19350 yuan/ton, down 1.22%.
The overall trading in the spot market is slightly weak, with limited turnover. Downstream purchasing remains in demand. Fundamentals have not changed much in the near future as a whole, showing no loose supply and weak demand. Recently, the output of the refinery has increased slightly, and the supply is loose. At present, the downstream procurement intention is still on demand, and the actual market demand has little change. The business agency expects that the tin price in the future will be mainly weak in the long run, but will still be affected by the macro in the short run, maintaining a wide range of shocks.
| http://www.lubonchem.com/ |