原料供应偏紧格局维持 沪锡窄幅波动【10月15日SHFE市场收盘评论】

Group 1 - The core viewpoint indicates that the tin market is experiencing a decline in prices due to weak demand and macroeconomic uncertainties, despite tight supply conditions [1][2] - The main contract for tin closed at 281,710 yuan/ton, reflecting a decrease of 0.15% [1] - The Federal Reserve's indication of a potential easing in monetary policy has heightened risk aversion in the market, contributing to a decline in market sentiment [1] Group 2 - China's refined tin production saw a significant decline in September due to maintenance by leading enterprises, impacting overall supply [2] - Current tin prices remain relatively high, but downstream and end-user acceptance of these prices is low, leading to limited spot transactions [2] - The market is characterized by weak overall demand, particularly in the consumer electronics and home appliance sectors, with a noticeable reduction in orders [2] Group 3 - There is an expectation of supply recovery as major enterprises complete maintenance and resume operations, which could lead to a substantial increase in domestic refined tin production [2] - Despite tight supply conditions at the mining level, the release of production from Myanmar remains limited [2] - The short-term market dynamics are influenced by mixed fundamental factors, with a lack of strong drivers and significant reliance on macroeconomic sentiment [2]