Group 1 - The domestic futures market for non-ferrous metals is experiencing significant gains, with Shanghai tin futures showing a strong performance, reaching a high of 330,130.00 CNY/ton and a current increase of 2.06% [1] - The overall market supply and demand for tin is weak, with a decline in orders from tin processing companies and a decrease in operating rates, despite stable supply from domestic smelters [2] - Domestic tin inventory continues to rise but remains at a manageable level, not exerting significant pressure on prices, leading to a cautious short-term outlook for tin prices [2] Group 2 - Short-term demand for tin is weak, but there is an expectation of improved supply; however, low downstream inventory limits bargaining power, suggesting price fluctuations will follow market sentiment [2] - The domestic main contract for tin is expected to operate within the range of 300,000 to 335,000 CNY/ton, while the overseas tin price is projected to range from 39,000 to 43,000 USD/ton [2] - Increased tin exports from Indonesia last month are being monitored, along with the safety situation in the two largest importing countries in Africa, indicating ongoing market vigilance [2]
供需总体较弱 短期锡价预计随市场风向变化波动
Jin Tou Wang·2025-12-17 06:05