Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Coke Coal Pig Iron Steel Billet Finished Steel

New Energy

New Energy

Solar Lithium Cobalt Cathode Material Phosphorus Carbon Anode Separator Electrolyte Battery Cell And Module Battery Recycling Nickel And Manganese Other Materials Sodium-ion Battery Hydrogen Energy

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / Myanmar Chaos Fuel Big Tin Price Hike, But Market Fundamentals Underperform

Myanmar Chaos Fuel Big Tin Price Hike, But Market Fundamentals Underperform

Nov 13, 2023 16:41

According to market news, the civil turmoil in Myanmar is currently tense or escalating.

According to market news, the civil turmoil in Myanmar is currently tense or escalating. This news stimulates market sentiment and drives up tin prices. Today, SHFE and LME tin shot up at the start of the day, with SHFE tin once rising 3.38% and LLME tin once rising 3.79%. As of the close of the day, SHFE tin rose 2.67%, and LME tin rose 2.53% as of CST 15:19.

However, market fundamentals do not support such big price spike. Supply has been plentiful recently, and demand has been weak. Electronics orders did not improve notably, and PV demand is not as strong as expected.

To sum up, the price rise was primarily fuelled market sentiment. We should keep a close eye on how the situation in Myanmar and future consumption.

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

Many large-quantity orders were signed last weekend. Has the price of polysilicon orders in February really risen? [SMM analysis]

On January 29, SMM understood that as the order signing in the February polysilicon market continued, a domestic polysilicon company signed a large-quantity order for February at the end of last Friday. The actual order price rose to 72 yuan/kg. The actual contract price of polysilicon this month rose.

time

Jan 31, 2024 14:27

Data: SHFE, DCE market movement (Jan 30)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Jan 30, 2024

time

Jan 30, 2024 15:53

Data: SHFE, DCE market movement (Jan 30)

Data: SHFE, DCE market movement (Jan 25)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Jan 25, 2024

time

Jan 25, 2024 15:41

Data: SHFE, DCE market movement (Jan 25)

SMM Lead Morning Comments

Overnight, LME lead prices opened at US$2,056/ton, reaching a maximum of US$2,091.5/ton, and finally closed at US$2,083/ton, an increase of 1.21%.

time

Jan 11, 2024 10:03

SMM Copper Morning Comment

LME copper prices opened at $8,471/mt and closed at $8445/mt in overnight trading, a drop of 0.07%, with the low-end of $8408/mt and the high-end of $8496.5/mt. Trading volume was 19,000 lots and the open interest stood at 267,000 lots. The most active SHFE 2401 copper contract prices opened at 68200 yuan/mt and closed at 67990 yuan/mt last evening, down 0.23%, with the high-end of 68330 yuan/mt and the low-end of 67900 yuan/mt. Trading volumes stood at 28,000 lots and open interest stood at 164,000 lots.

time

Nov 30, 2023 09:53

Prices of SMM mainstream rare earth permanent magnets

Prices of SMM mainstream rare earth permanent magnets

time

Nov 20, 2023 15:36

SMM Morning Comment For SHFE Base Metals November 20

LME copper prices opened at $8215/mt and closed at $8309/mt in last Friday trading, a gain of 0.83%, with the low-end of $8183.5/mt and the high-end of $8311.5/mt. Trading volume was 17,000 lots, and open interest stood at 263,000 lots.

time

Nov 20, 2023 09:56

Lithium industry giants are still optimistic about future demand

Although prices have fallen recently due to concerns about the slowdown in electric vehicle purchases, most overseas lithium manufacturers, including Livent, have expressed continued optimism about long-term demand.

time

Nov 14, 2023 11:03

Lithium industry giants are still optimistic about future demand

Data: SHFE, DCE market movement (Nov 13)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Nov 13, 2023

time

Nov 13, 2023 15:32

Data: SHFE, DCE market movement (Nov 13)

SMM Events & Webinars

Mar
25
- 2026 SMM (21th) Lead & Zinc Conference and Industry Expo
  Mar 25 - 27,2026
  Chengdu, China
Apr
06
- 2026 (3rd) NET ZERO MEA - Solar & Energy Storage Summit
  Apr 06 - 07,2026
  Join us in Dubai to forge the partnerships that will power our future.
  DUBAI, UAE
Apr
08
- CLNB 2026 - The 11th New Energy Industry Chain Expo
  Apr 08 - 10,2026
  Suzhou,China

MOST POPULAR

1.China Lithium Market Dynamics and Lithium Procurement Study

2.Battery Recycling Technology Understanding

3.Solid State Battery Market

4. China Scrap Steel Quality Analysis

5.China Scrap Steel Cost Curve

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.