Social Inventory of Tin Ingots on October 25, 2024 by Region [SMM Data]

According to the SMM survey, as of October 25, the total social inventory of tin ingots in the three regions surveyed by SMM was 10,194 mt, an inventory buildup of 838 mt WoW.

Last week, SHFE tin prices showed a fluctuating trend. Specifically, contract prices experienced slight fluctuations at the beginning of the week due to market news and macroeconomic factors. Subsequently, during trading, prices alternated between rises and falls due to the tug-of-war between bullish and bearish forces. Overall, the price range of SHFE tin last week was relatively limited, with no significant unilateral rise or fall. In the spot market, most downstream and end-use enterprises had certain procurement needs. Some downstream enterprises made small purchases at the beginning of the week when tin prices declined, but considering the frequent news from the Wa State of Myanmar, most downstream enterprises adopted a wait-and-see attitude. Overall, the spot market transactions last week were mediocre.