On April 2nd, the average market price in East China was 297990 yuan/ton, an increase of 3.91% compared to the previous trading day. The mainstream price range for 1 # tin ingots in the domestic spot tin market is 298500-299500 yuan/ton, with an average price of 299000 yuan/ton, an increase of 12000 yuan/ton from the previous trading day.
| Gamma-PGA (gamma polyglutamic acid) |
The early opening of Shanghai Tin rose, with a slight discount on the spot market basis. By the second trading session, the price trend had expanded, and the main contract of Shanghai Tin 2505 closed up 3.89% on the 2nd.
The largest tin mine in the Democratic Republic of Congo has been shut down, and the earthquake in Myanmar has hindered the resumption of tin production, exacerbating the shortage of tin supply and driving up tin prices significantly. Futures prices have risen sharply, reaching new highs during trading. Buyers’ fear of high prices has intensified, and short-term buying enthusiasm has been suppressed. Downstream enterprises are adopting a wait-and-see approach, resulting in a decrease in acceptance and shipment obstacles, making it difficult to increase short-term market activity.
In terms of follow-up, it is heard that Xiaopai has a discount of around 500-200 yuan/ton for May, Yunzi Tou has a discount of around 200 yuan/ton for May, and Yunxi has a discount of around 200 yuan/ton for May.
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