Group 1: Market Overview - The futures market is experiencing a surge driven by domestic policies, green initiatives, and demand for computing power, with overnight London tin prices rising by 4.56% to $44,500 [1] - The London Metal Exchange (LME) reported a tin inventory of 5,420 tons, an increase of 5 tons from the previous trading day [1] - The global base metals market is witnessing a significant rally, with copper surpassing $13,000 and tin and nickel prices increasing by over 4% in a single day, indicating a "metal storm" driven by macro liquidity shifts, technological revolutions, and geopolitical risks [1] Group 2: Geopolitical Risks - The ongoing unrest in the Democratic Republic of Congo (DRC) is escalating supply uncertainties, directly threatening mining operations and personnel safety, which has led to a security alert from the Chinese embassy [2] - As a key producer of cobalt and tin, the DRC's instability adds an extra geopolitical risk premium to tin prices, further complicating the global supply chain [2] Group 3: Supply and Demand Dynamics - The global tin market is characterized by "rigid supply tension" and "demand momentum switching," with supply constraints from Myanmar's slow recovery, Indonesia's export controls, and new geopolitical risks from the DRC, alongside historically low visible inventories supporting prices [3] - Demand is showing structural differentiation, with traditional electronics entering a seasonal lull and weak solder demand, while AI computing infrastructure and solar capacity are driving rapid growth in high-grade tin demand, supported by long-term policies for green and smart consumption [3] - Current market conditions indicate a high price environment that is suppressing short-term transactions, with a focus on rigid demand, and the price range for primary tin is expected to be between 350,000 and 359,000 yuan per ton [3]
长江有色：刚果金烽火推高定价有价无市预警需求“冷却点” 7日锡价或大涨
Xin Lang Cai Jing·2026-01-07 02:45