US chip sunction on China will prompt China to accelerate semiconductor development. China is working on a more than 1 trillion yuan support package for its semiconductor industry, in a major step towards self-sufficiency in chips. Demand of tin in China semiconductor industry will be booming, future of tin is bright
On the whole, the import data in November showed that the supply surplus of raw materials eased, and the TCs stabilised. The operating rates of smelters in the two provinces fell slightly amid the pandemic. On the demand side, the rising tin prices inhibited the release of elastic demand. Enterprises purchased as needed before the Chinese New Year, but domestic inventory declined obviously. At present, the supply and demand in the spot market were both weak, and the fundamentals were relatively stable. However, the futures market was active amid the favourable macro policy. The recent futures prices may fluctuate greatly due to weak fundamental.
China accounted for about 30% of global tin production. Now long lunar new year holiday has begun couple with fear of coronavirus spread may reduce tin production; this may be the reason tin price surges sharply.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
skyjet
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Posted by skyjet > 2022-12-16 14:06 | Report Abuse
Tin price drop around 3% today.