In February, the Shanghai-Wuxi main company showed a trend of first restraining and then rising. On February 6, it hit a new low of 206,820 yuan/ton since January 15, 2024 and continued to rebound, with a monthly increase of 0.36%.
In February, Lunxi fluctuated. On February 5, it hit a new low of 24,800 yuan/ton since January 16, 2024, and then rebounded sharply. On February 13, it reached a new high of 27,650 yuan/ton since August 8, 2023, and then the increase gradually declined, with a monthly increase of 1.13%.
On the whole, in February, the fundamental supply side was affected by the Spring Festival holiday, and the production of refined tin was reduced. The downstream and terminal enterprises on the demand side were less willing to stop production and have holidays. In March, the supply and demand sides are still recovering. In March, the operating rate of tin Solder enterprises may rebound sharply, but the current inventory is still increasing, which may put some pressure on the price of tin.
In Mar, as the new high point of tin ingot coming, Solder Wire, Solder Bar or other Soldering products would be higher prices than in Feb.
