Group 1 - The core viewpoint indicates that the tin market is experiencing a supply-demand imbalance, with both supply and demand showing weakness, leading to a sideways price movement for tin [1][2] - The main contract for tin closed at 2,646,900 yuan per ton, reflecting a slight increase of 0.09% [1] - The supply situation is tight due to the phased resumption of the Bisie tin mine in the Democratic Republic of Congo, with the first batch of tin concentrate expected to enter the smelting stage only in June [1] Group 2 - The operating rate of tin smelting enterprises in Yunnan and Jiangxi, two key tin-producing provinces, remains low at 56.44% [1] - In Yunnan, the processing fee for 40% grade tin concentrate is at a historically low level, severely squeezing the profit margins of primary ore smelting enterprises [1] - The weekly operating rate of smelting plants in Yunnan has dropped to 65.48%, significantly lower than the previous week due to raw material shortages and cost pressures [1] Group 3 - Demand from traditional sectors such as electronics and home appliances is under pressure due to high tin prices and US-China trade tensions, leading to a "high premium, low transaction" pattern in the spot market [2] - The renewable energy sector, particularly photovoltaic welding strips and new energy vehicles, continues to see high growth, but short-term increases are insufficient to offset the weakness in traditional consumption [2] - The overall supply-demand fundamentals lack strong drivers, suggesting that tin prices may continue to fluctuate in the short term [2]
沪锡窄幅波动 原料供应缺口不断扩大【5月27日SHFE市场收盘评论】
Wen Hua Cai Jing·2025-05-27 07:15