centurionmegawaysfree| Tin ingot inventories increased to 18893 tons: Shanghai and Guangdong delivery warehouses increased, and downstream orders received decreased

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[Social inventories of tin ingots climb to a new peak, and downstream orders receive weaken]

As of May 17, 2024, the inventory of tin ingots in key markets across the country reached 18893 tons, an increase of 561 tons from the previous week, an increase of 3.3%.centurionmegawaysfree.1%。

Inventories in Shanghai increased to 10181 tons, an increase of 243 tons month-on-monthcenturionmegawaysfree; Guangdong's inventories were 6358 tons, an increase of 308 tons month-on-month.

In contrast, Tianjin and ShandongcenturionmegawaysfreeInventories in Jiangsu decreased by 50 tons and increased by 60 tons respectively, and Jiangsu's inventories were the same as in the previous period.

The gradual loading of inventory in delivery warehouses is the main reason for the significant increase in inventories in Shanghai and Guangdong, while downstream and terminal replenishment willingness has declined due to the impact of high tin prices and close off-season.

Market trading activity showed a lull, with high tin prices and the upcoming off-season leading to a decrease in order acceptance levels.