Group 1 - The core viewpoint indicates that the recent decline in tin prices is influenced by weakened commodity sentiment, with the main contract dropping by 4.68% to 326,330 yuan/ton, although the decline has moderated today [1] - The demand from downstream sectors remains weak, limiting acceptance of current prices, while the resumption of production in Myanmar is contributing to a marginal weakening of the supply-demand fundamentals [1] - In November 2025, China's imports of tin ore and concentrates amounted to 15,099.34 physical tons (approximately 5,578.04 metal tons), showing a slight year-on-year decrease of 0.67% but a month-on-month increase of 12.73%, indicating an acceleration in import pace [1] Group 2 - The market atmosphere is currently subdued due to tin prices being in a high fluctuation range, with traders adopting a cautious stance and showing decreased pricing enthusiasm [2] - End users are primarily in a wait-and-see mode, placing minimal orders only when prices decline, reflecting a weak demand in the consumer electronics sector [2] - Domestic tin supply remains tight, with no significant increase in smelter operations, while inventory levels are rising, which may exert pressure on prices in the short term [2]
供应恢复叠加情绪退潮 沪锡大幅下挫【12月30日SHFE市场收盘评论】
Wen Hua Cai Jing·2025-12-30 11:48