Price Overview - On May 30, the spot price of 1 tin ingot in Shanghai was quoted at 251,500.00 CNY/ton, which is a premium of 1,200.00 CNY/ton over the futures main price of 250,300.00 CNY/ton [1] - The national tin price list on May 30 shows various market prices for 1 tin ingot, with quotes ranging from 251,500 CNY/ton in Guangdong to 252,750 CNY/ton in Shanghai [2] Futures Market - On May 30, the closing price of the Shanghai tin futures main contract was 250,300.00 CNY/ton, reflecting a decline of 2.87%. The highest price reached was 257,600.00 CNY/ton, while the lowest was 250,000.00 CNY/ton, with a trading volume of 149,442 contracts [2] Production and Inventory - In May 2025, China's refined tin production decreased by 2.37% month-on-month and by 11.24% year-on-year [3] - As of May 30, the inventory of Shanghai tin futures recorded 8,107.00 tons, a decrease of 338.00 tons from the previous trading day [4] Market Analysis - According to New Lake Futures research, current consumption shows some elasticity, supported by solid basic consumption in key end markets and strong performance in the new energy vehicle sector. However, sensitivity to price changes is high, and the white goods and consumer electronics markets are entering a low season, leading to insufficient overall consumption momentum [5] - There is an expectation of increased overseas mineral supply, but it is currently difficult to transmit this to domestic smelters, which are maintaining low operating rates. Domestic inventory levels are neutral, while overseas inventories are low. The short-term supply-demand contradiction is not prominent, suggesting that tin prices may experience a period of adjustment [5]
短期内市场供需矛盾并不突出 锡价或震荡调整为主
Jin Tou Wang·2025-05-30 08:35