Group 1 - The U.S. first-quarter consumption has been revised down, leading to a drop in the dollar index below 97, a three-year low, while copper prices have surged, boosting non-ferrous metals [1] - Tin supply remains tight due to insufficient mining permits in Myanmar and transportation restrictions from Thailand, impacting tin imports [1] - Domestic processing fees are low, with smelters facing losses and reduced raw material inventories, resulting in smelter operating rates below normal levels [1] Group 2 - The recovery of tin supply is expected to improve with the resumption of transportation from African tin mines and the progress in Myanmar's production, although the timing and scale of recovery remain uncertain [1] - In the photovoltaic sector, orders for tin bars in East China have declined post-installation rush, leading to reduced operating rates among some producers [1] - The electronics sector in South China is entering a low season, with high tin prices causing a cautious approach among end-users, maintaining only essential orders [1][2]
远期供应恢复明确 沪锡冲高回落【6月27日SHFE市场收盘评论】
Wen Hua Cai Jing·2025-06-27 08:15