Lundon tin continues to soar, pay attention to risks! LME tin positions are concentrated in a large household, causing concern.

2024-04-19

SMM News on April 19th: Due to overseas supply and demand mismatch, LME tin inventory is still at a low level, and the resumption time of Wa State tin mines is still unclear, Lundon Tin has continued to soar in recent times. Today, Lundon tin Brush has reached a new high of $34370 per ton since June 13, 2022, up 0.87% as of 11:41, with three consecutive gains. Driven by LME, Shanghai Tin continued to rise today, rising 4.15% at one point, reaching a new high of 269880 yuan/ton since June 6, 2022. As of noon closing, it rose 2.96%, marking two consecutive days of red trend.
Last week, the strong trend of tin prices had a significant inhibitory effect on the purchasing behavior of downstream enterprises. Under high pressure, the overall purchasing willingness of downstream enterprises generally decreases, and most enterprises only purchase for rigid demand rather than actively replenishing inventory. In Apr., Tin Solder products would be higher prices than before based on current tin materials' cost.

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