bencbpoker| Social inventories of tin ingots hit a new high: tin ingot inventories in major markets across the country increased to 18332 tons

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[Tin ingot social inventory hits a new highbencbpoker, the national total increased to 18332 tons] The supply of tin ingots in the market continues to grow. As of May 10, 2024, the social inventory of tin ingots in major markets across the country reached 18332 tons, a surge of 640 tons from April 30, an increase of 3.bencbpoker.6%。

Among them, the total inventory in the Shanghai market climbed to 9938 tons, an increase of 198 tons from the previous period; the Guangdong market followed closely, and the inventory increased to 6050 tons, an increase of 314 tons from the previous period; the inventory in the Jiangsu market also increased, reaching 2044 tons, an increase of 28 tons from the previous period; the inventory in the Tianjin market was 180 tons, an increase of 40 tons from the previous period; the inventory in the Shandong market increased the most, reaching 120 tons, an increase of 60 tons from last week.

Inventories in the Shanghai and Guangdong markets grew significantly last week, and inventories in delivery warehouses rose sharply. The downstream market had a good replenishment sentiment in the early part of last week, mainly due to the rebound in demand after the holiday and the improvement in the stability of tin prices, which increased willingness to replenish goods. When tin prices fall, most downstream markets choose to enter the market on dips to replenish stocks to meet the immediate needs and mainly supply goods at low prices.