On August 17, the mainstream quotation range of 1# tin ingots in the domestic spot tin market was 244500-246500 yuan / ton, with an average price of 245500 yuan / ton, an increase of 4500 yuan / ton compared with the previous trading day.

Last night, the London metal market fell more or rose less. Due to the weaker than expected economic data released by China, market sentiment was dragged down. Last night, except tin and aluminum, other metals mainly fell. Among them, Lunxi rose 0.78%, and Shanghai tin led the domestic night market by 1.19%. The data released by LME on Monday showed that Lunxi’s inventory had dropped to 1710 tons. The data of the previous period showed that Shanghai Tin’s inventory fell for two weeks, breaking the lowest level since 2017.

At present, the tin price in the spot market is still at a high level, the fear of heights in the downstream is still heavy, the market trading is light, and the market entry is mainly just in need of procurement. Today, the price rose, the enthusiasm for entering the market in the downstream decreased, and the intention to receive goods was low. A few days ago, there was a small amount of demand for replenishment. Today, the market has a strong wait-and-see mentality. The decline of inventory data supported the rise of tin price.

In the future, the business society believes that under the current tight supply situation in the short term, the tin price is expected to remain high and volatile in the short term.