On August 1, the mainstream quotation range of 1# tin ingot in the domestic spot tin market was 200000-202000 yuan / ton, with an average price of 201000 yuan / ton, an increase of 6500 yuan / ton compared with the previous trading day.

The trend of metals in the night market closed up across the board, with Lun nickel leading the rise of 9.4%, Lun tin rising by 2.57%, and the metals in the inner market also closed up across the board, with Shanghai nickel leading the rise of 7.34%, and Shanghai tin rising by 4.87%. The performance of tin in this rise is weaker than that in the early stage, the overall rise range is limited, the follow-up is not obvious, and the basic trend is volatile. It is mainly affected by the trend of fundamentals.

In terms of supply, smelters stopped production for maintenance in July, and the overall output is expected to decline in July. However, there is a start-up plan for the early maintenance device in August, and the market is expected to be loose in the future. In terms of inventory data, the overall de stocking situation of the market during the maintenance period is not ideal. However, the downstream demand of the demand side has not changed much recently. The start-up of tin solder enterprises is still low as a whole. Although it has improved, it is difficult to boost the tin price as a whole. On the whole, the tin price is still under pressure, so the performance of tin in this rise is moderate. In the future, the fundamental performance is weak, the market wait-and-see mood is strong, and the spot trading performance is general. It is expected that there will be some pressure on the future upward trend of tin price, and it is expected that the tin price will remain wide and volatile under the pattern of weak supply and demand.