On Wednesday, the most-traded SHFE tin contract gave up its intraday gains and fluctuated rangebound during the night, while LME tin also fluctuated rangebound. Spot market: It was heard that small brands were at a discount of 200 to a premium of 100 yuan/mt for April, Yun brands were at a premium of 100 to 400 yuan/mt for April, and Yunxi was at a premium of 400 to 600 yuan/mt for April.
Overall, the resumption process of Myanmar tin mines is clear and is expected to be realized in H2, but the uncertainty of tin mine production in the DRC remains unchanged, and supply risks have not been eliminated. Consumption is relatively stable, and high prices have led to cautious purchasing by downstream users, maintaining a just-in-time restocking pace. The short-term supply-demand imbalance has not intensified, and tin prices are fluctuating at high levels, following the trend of the non-ferrous metals sector.
