Shouchuang Futures: Demand concerns escalate, tin prices come under pressure and fall below 350k

Market raw material conditions have improved. As we enter March, Myanmar tin mines are steadily resuming work and production, with an estimated monthly output of around 1,500 tons; domestic smelting plants have also gradually resumed production. The certainty of supply recovery is high, but with the potential for further escalation of geopolitical conflicts, energy supply issues increase pressure on chip production, maintaining market concerns. Tin prices have limited rebound strength; although today’s tin price briefly rose above 350k, it quickly fell back in the afternoon. With the market closed for the weekend and bullish confidence lacking, currently, under weak supply and demand performance, tin prices are likely to stay below 350k. (First Capital Futures)