Summary of SMM Morning Meeting: Near the window of the Myanmar Wa Stat

Published: Jul 24, 2023 08:50

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Summary of SMM Morning Meeting: Near the window of the Myanmar Wa State mining ban policy, the domestic tin ingot production is difficult to reduce. Before the potential mining ban event in Myanmar Wa State on August 1, the Shanghai tin price may still maintain a high fluctuation state. Previously, the market mostly believed that the mining ban would last for 2-3 months, but recently there were rumors of only 2-3 weeks of mining ban. Subsequently, attention should be paid to the duration of the potential mining ban in Myanmar Wa State. If the mining is stopped for less than one month, it will be relatively less than expected, which will have a negative impact on the Shanghai tin price...

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