COFCO Futures: Short-term tight supply supports tin prices to show a trend of easy price increases and difficult decreases.

COFCO Futures research report states that the tight short-term supply supports the trend of tin prices being more likely to rise than fall. However, with the previous positive trading conditions relatively adequate, the continued weak consumption may temporarily limit its upward potential. At the same time, in the context of loose liquidity, it is still necessary to be vigilant against the risk of a reversal in overseas macroeconomic expectations. It is expected that the short-term tin price range will be RMB 290,000 to 360,000/ton in Shanghai and USD 36,000 to 45,000/ton in London.