Galaxy Futures: Tin prices may remain volatile at high levels in the short term

Indonesia is considering banning tin exports, but the impact is currently limited. Focus remains on the implementation and pace of future policies. In December, tin ore imports continued to rise, increasing by 16.81% month-on-month and 119.37% year-on-year. Imports of tin ore from Myanmar decreased by 13.7% month-on-month; the recovery pace aligns with market expectations. In the upcoming first quarter, with mine restoration and dewatering work completed, production is expected to accelerate. Most smelting plants suspended operations for maintenance in February and have not yet fully resumed production. Yunnan’s processing fee for 40% tin ore remains steady at 14,000 yuan per ton, still at a low level. Currently, some downstream soldering companies are still on holiday, resulting in limited actual transactions. (Galaxy Futures)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin