Summary of SMM Morning Meeting: Weak Contradiction between Supply and

Published: Oct 23, 2023 09:05

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Summary of SMM Morning Meeting: Weak Contradiction between Supply and Demand in Tin Market, Downstream Demand Expected to be Relatively Rational. Research shows that tin ore has gradually been imported from Myanmar Wa State to the domestic market last week, and there may be a small amount of tin ore from Wa State entering the domestic market in the future. If the Wa State mine is still banned from mining, it is expected that the domestic tin ore supply will gradually tighten by the end of the year. However, the profit space of domestic tin ingot imports in September was at a relatively high level, and it is expected that the domestic tin ingot imports in October will be slightly more than in September, and there is an expectation of tin ingot imports in November and December. Generally speaking, if the current logic is followed, the subsequent domestic tin market supply will gradually tighten at the mine end, but the tin ingot will be relatively balanced...

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