On August 30th, the average market price in East China was 263510 yuan/ton, a decrease of 0.59% compared to the previous trading day. The mainstream price range for 1 # tin ingots in the domestic spot tin market is 262500-264500 yuan/ton, with an average price of 263500 yuan/ton, an increase of 1000 yuan/ton compared to the previous trading day.

The Shanghai Futures and Tin Futures experienced a consolidation in the early trading range, with a slight increase in the near to far month basis difference today; The market saw a slight increase during the second trading session. At the close of the day, the Shanghai Wuxi 2410 main contract closed up 0.19%.

Refineries’ willingness to hold prices has loosened, and some shipments have remained stable. From the current market perspective, due to the traditional off-season for consumption and the still high market prices, the demand in the terminal industry is still suppressed. In the short term, we will continue to observe and wait, and the number of orders received is not large.

In terms of trading today, I heard that small brands are offering a discount of around 200 yuan/ton for September, with a discount of around 200 yuan/ton for Yunzi Tou and a discount of around 500 yuan/ton for September. Yunxi is offering a discount of around 500 yuan/ton for September.