Group 1 - The core viewpoint of the articles highlights the significant increase in tin prices due to supply constraints and varying demand across sectors [1][2] Group 2 - Tin prices surged, with the main contract reaching a new high of 299,980 yuan/ton, closing at 298,140 yuan/ton, up 2.27% [1] - Supply limitations are expected to persist throughout the year, with slow recovery in Myanmar and reduced exports from Indonesia due to crackdowns on illegal mining [1] - The physical volume of tin ore imported from Myanmar in the first three quarters has dropped approximately 70% year-on-year [1] - Domestic smelting enterprises are struggling with tight supply, leading to low inventory levels of tin concentrate and prolonged low processing fees, which restrict primary tin production [1] - The demand for semiconductor products related to artificial intelligence remains strong, while the consumer electronics sector is underperforming [2] - Global visible tin inventory is around 10,000 tons, lower than the same period in the past two years, indicating tight actual supply [2] - Seasonal weakness in tin consumption is anticipated as the year-end approaches, which may suppress downstream purchasing intentions [2] - Short-term tin prices are expected to be influenced by macroeconomic factors and supply disruptions, with a potential recovery in Indonesian refined tin exports anticipated in November [2]
供应约束持续 沪锡突破上行【11月13日SHFE市场收盘评论】
Wen Hua Cai Jing·2025-11-13 10:35