On the 29th, the mainstream quotation range of tin ingots in domestic spot tin market was 211000-214000 yuan / ton, with an average price of 212500 yuan / ton, up 1000 yuan / ton from the previous trading day.

On Monday night, the LME non-ferrous metal market fluctuated, with mixed ups and downs. In the morning, the trading trend of Shanghai tin was mainly high oscillation and consolidation. As of the closing of the 29th, the settlement price of the main contract of Shanghai tin 2108 was 210800 yuan / ton, up 0.12%.

On the 29th, the spot market followed the early price rise of the futures market, tin price was still at an all-time high, fear of high sentiment appeared in the lower reaches, market trading was slightly light, and rigid demand procurement was maintained. In terms of demand, the recent improvement of the international economy has increased the demand for solder in the semiconductor and electronic industries, and the tin price is supported by a certain demand. On the supply side, affected by Myanmar, the import volume in June is expected to remain sluggish, and the supply of ore end is still tight. In terms of domestic tin ingots, the current power restriction policy has not been completely lifted, the output is expected to be tight, and the overall supply of the market is relatively small.

In the future, the tight supply will still support the high tin ingot price, and it is expected that the tin price will fluctuate at a high level in the short term