Domestic and foreign inventories continue to accumulate, Guotai Junan believes that the weakening demand may affect the tin price correction, but the bottom may still be supported by bargain replenishment.

Guotai Junan expects that in the case of increased supply and poor demand expectations, short-term tin prices may be more volatile and have the possibility of adjustment.

Recommended reading:

"Shengshui sharply raised mainstream spot shipping prices to remain stable [SMM tin afternoon review]

"Tin prices rebounded during the week and spot tin prices remained stable [minutes of SMM Morning meeting]