Monthly Tin Market Report Jul 2023
2023-08-11 08:25:06 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1 Market Highlights
Most suppliers of tin concentrate held back from selling caused by the news of Myanmar's ban on mining. Downstream clients purchased actively to cope with the tight supply of raw materials. Insiders generally expect the suspension of mining is expected to last 2-3 months. The actual situation is to be determined after mid-August.
In July, the market demand kept weak and social inventories still remained a high level. However, as most smelters reduced production this month and the supply of imported tin ingot would also decrease due to narrow price differential, leading to the prices of tin ingot went up during the past month.
The prices of tin solder move up because of rising prices of raw materials. Most downstream clients purchased with cautious views during the past month. However, photovoltaic industry orders and tin foil consumption in South China increased.
Most suppliers of tin concentrate held back from selling caused by the news of Myanmar's ban on mining. Downstream clients purchased actively to cope with the tight supply of raw materials. Insiders generally expect the suspension of mining is expected to last 2-3 months. The actual situation is to be determined after mid-August.
In July, the market demand kept weak and social inventories still remained a high level. However, as most smelters reduced production this month and the supply of imported tin ingot would also decrease due to narrow price differential, leading to the prices of tin ingot went up during the past month.
The prices of tin solder move up because of rising prices of raw materials. Most downstream clients purchased with cautious views during the past month. However, photovoltaic industry orders and tin foil consumption in South China increased.
