ShouChuang Futures: Limited rebound in tin prices

Market sentiment has eased somewhat, but main chip-producing regions’ natural gas supply remains tight. At present, official sources have made commitments that they can ensure normal use in the near term; however, the market still remains doubtful. Tin prices rebounded to around 350,000 and are under pressure there. By today’s close, tin prices rose by more than 3%, but they still did not break above 350,000. There is significant pressure above, and the main issue is still concern about future demand—especially since the actual geopolitical conflict has not eased, and natural gas is still in a cutoff/shortage state. With the possibility that supply and demand may further weaken, it is expected that tin prices may trade below 350,000 for now. (China First Futures)

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