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SMM News on April 19th: Due to overseas supply and demand mismatch, LME tin inventory is still at a low level, and the resumption time of Wa State tin mines is still unclear, Lundon Tin has continued to soar in recent times. Today, Lundon tin Brush has reached a new high of $34370 per ton since June 13, 2022, up 0.87% as of 11:41, with three consecutive gains. Driven by LME, Shanghai Tin continued to rise today, rising 4.15% at one point, reaching a new high of 269880 yuan/ton since June 6, 2022. As of noon closing, it rose 2.96%, marking two consecutive days of red trend. Last week, the strong trend of tin prices had a significant inhibitory effect on the purchasing behavior of downstream enterprises. Under high pressure, the overall purchasing willingness of downstream enterprises generally decreases, and most enterprises only purchase for rigid demand rather than actively replenishing inventory. In Apr., Tin solder products would be higher prices than before based on current tin materials' cost.

Like its peers in gold, silver also enjoys a reputation as a safe haven asset. In addition, during periods of economic expansion, silver will also benefit from its increased use in industrial applications ranging from chip manufacturing to solar panel production. At the same time, silver, like other precious metals, is still supported by limited supply. At present, the annual use of silver still exceeds the mining output. Therefore, although the situation in the Middle East remains tense and inflation remains high, the economy still maintains astonishing resilience, and it is not surprising that investors continue to pursue silver prices. Heraeus analyst said in an interview, "Silver seems to benefit from two major sectors: investment/consumption and industrial demand, each accounting for 50% of total silver demand." From the gold/silver ratio that represents the price relationship between the two metals, silver is also highly attractive. Currently, one ounce of gold can purchase approximately 83 ounces of silver for investors, while the average ratio over the past 30 years is around 67 ounces. As a well-known chart form, the "golden cross" signal usually appears before a new upward trend begins. The rise of silver this time is also consistent with this. After the 50 day moving average crossed the 200 day moving average and formed a golden cross signal, silver prices rose significantly in the 11 month trading range.   In the future correction process, investors should pay attention to the price of $26, which may find buying interest near the top trend line of the range. This trend line has shifted from the previous resistance zone to a support zone. To determine the upward target, investors can measure the distance between the up and down trend lines in the US dollar range and add this distance to the breakout point. For example, adding $3.75 on top of $26 indicates a potential profit area of around $29.75.So now the prices of silver soft soldering wire, solder bar, would be soaring!

In February, the Shanghai-Wuxi main company showed a trend of first restraining and then rising. On February 6, it hit a new low of 206,820 yuan/ton since January 15, 2024 and continued to rebound, with a monthly increase of 0.36%. In February, Lunxi fluctuated. On February 5, it hit a new low of 24,800 yuan/ton since January 16, 2024, and then rebounded sharply. On February 13, it reached a new high of 27,650 yuan/ton since August 8, 2023, and then the increase gradually declined, with a monthly increase of 1.13%. On the whole, in February, the fundamental supply side was affected by the Spring Festival holiday, and the production of refined tin was reduced. The downstream and terminal enterprises on the demand side were less willing to stop production and have holidays. In March, the supply and demand sides are still recovering. In March, the operating rate of tin solder enterprises may rebound sharply, but the current inventory is still increasing, which may put some pressure on the price of tin. In Mar, as the new high point of tin ingot coming, solder wire, solder bar or other soldering products would be higher prices than in Feb.

The Shanghai Tin 2404 contract rebounded after a slight decline at the opening of the night trading, and the night trading price closed at 223,570 yuan/ton, up 0.1%. Spot market transactions: During the early trading, the discount range of domestic tin ingot brands quoted by trading companies has not changed much compared with recent days. Among them, small brand tin ingots are shipped at a discount of 1,300 yuan/ton to a discount of 400 yuan/ton, delivery brands offer a discount of 600 yuan/ton to 300 yuan/ton for Shanghai Tin 2404 contract, Yunxi brand offers a discount of 200 yuan/ton to 700 yuan/ton for Shanghai Tin 2404 contract, and imported tin brands offer a discount of 15,000. Yesterday morning, the price of Shanghai tin rose sharply, which inhibited the enthusiasm of downstream and terminal enterprises to buy. Most trading enterprises responded to sporadic transactions or no transactions for the time being, and a few trading enterprises traded about 10 tons. Generally speaking, yesterday's spot market transactions were relatively bleak. Today the price of tin ingot soaring suddenly, which means next days tin solder products would be higher prices than before. if you have planning to purchase solder wire, solder bar or soldering items, the better point already losing in Feb.

[Important data] SMM China metal production data was released in February 2024. Primary Lead In February 2024, the national output of electrolytic lead was 276,100 tons, down 5.94% from the previous month and 2.91% from the same period last year. The cumulative volume in January and February was flat year-on-year. In 2024, the total production capacity of enterprises involved in research was 6,006,300 tons. According to the investigation, the national electrolytic lead output decreased as scheduled in February, mainly because February coincided with the Spring Festival holiday. Although most primary lead smelting enterprises produced as usual, some small and medium-sized smelting enterprises in Hunan and Henan took the opportunity to have a holiday or carry out maintenance during the Spring Festival. February (natural month) falls on the 29th, and the output of lead smelting enterprises shrinks due to the reduction of working days. In addition, smelting enterprises in Qinghai stopped production and carried out renovation and expansion, which is expected to last until September this year, bringing about a large reduction, so the decline in electrolytic lead output in February was higher than expected. Looking forward to March, the Spring Festival factor was lifted. Combined with March (natural month) being 31st, the production of lead smelting enterprises increased conveniently, and the overhaul of lead smelting enterprises in Hunan, Yunnan, Henan, Guangdong and other regions ended, which became the main factors for the pre-increase of electrolytic lead output this month. At the same time, large-scale delivery brand enterprises in Henan and some smelting enterprises in Hunan planned to overhaul, which made the increase in electrolytic lead production in March discounted. On the whole, SMM predicts that the output of electrolytic lead will increase by over 10,000 tons in March to 287,000 tons. In Mar, tin solder wire, bar and other leaded solder production would be in steady based on materials cost.

In February 2024, SMM China Tin production data was released. According to SMM research, the domestic refined tin output in February was 11,460 tons, which was -25.54% compared with January and -10.41% compared with last year. In February, the domestic tin ingot production decreased greatly. Some smelting enterprises in Yunnan stopped production due to the Spring Festival holiday, and the start-up level dropped sharply, which led to a decrease in tin ingot production. The remaining few enterprises in Yunnan maintained stable production and had no maintenance plan for the time being. However, most smelting enterprises in Jiangxi stopped production and overhauled during the Spring Festival holiday, and the output decreased significantly compared with that in January. A smelting enterprise in Inner Mongolia carried out smoothly according to the production plan in February, and there was no adjustment of the production plan in the short term. A smelting enterprise in Guangdong stopped production during the Spring Festival, and the workshop recently resumed normal production; Most smelting enterprises in Anhui and other regions stopped production for two to three weeks in February. In March, during the Spring Festival holiday, most smelting enterprises in Yunnan have resumed normal production, and a few smelting enterprises that have been overhauled in workshops have also resumed production; Most smelting enterprises in Jiangxi have stopped production and maintenance, and it is estimated that the output of refined tin will increase to some extent in March; A smelting enterprise in Hubei has stopped production since late October 2013 due to the shortage of waste procurement; Most smelting enterprises in other areas have also ended their holidays and resumed normal production. It is estimated that the domestic tin ingot production in March 2024 will be 15,560 tons, 35.78% from the previous month and 2.95% from the same period last year. Welcome to inquiry for our soft solder items: lead free solder bar, wire or leaded wire...

SMM Morning Meeting Minutes: The supply side of tin ingots is still relatively loose, and the spot market may still face pressure for delivery and warehousing. According to SMM research, due to the resumption of production and operation by smelting enterprises in Jiangxi this week, the operating rate of smelting enterprises in Jiangxi has increased by 24.67% to 49.4%, and the operating rate of domestic smelting enterprises in Yunnan and Jiangxi has also rebounded to 52.62%, accompanied by the production increase plans of some smelting enterprises, It is expected that the weekly operating rate of domestic smelting enterprises will continue to rise next week. Hope sufficient supply can stabilize tin prices,then we can update the best prices of tin soft soldering wire, solder bar and cored wire for soldering lead free or tin lead alloy.

With the rise of electrical vehicles, battery, soldering has become more important than ever. Ensuring the right type of solder wire and flux is used for your application is important to ensure reliable connection and mechanical strength across a broad range of industries. Tin metal is main materials of solder wire and bar, learning the news of tin is important. According to data released by the Indonesian Ministry of Trade, Indonesia's refined tin product exports in September decreased by 16.7% year-on-year to 5,834.54 tons. According to SMM database, since February this year, Indonesia's tin ingot export volume has shown an upward trend as a whole. In June, the export volume was about 8,000 tons, hitting a new high in nine months, and then gradually declined. In July and August, it decreased by about 3,000 tons, and in September, the export volume increased by 16%. In October, it is expected that a domestic smelting enterprise in Yunnan will produce some reduction of tin ingots due to the procurement of tin ore, and another two smelting enterprises in Jiangxi will slightly reduce their production due to the factors of employees' holiday arrangements during the 11 th holiday. Most other smelting enterprises indicated that they will maintain stable production. It is estimated that the domestic refined tin output will decrease by about 3.79% month-on-month to 14,800 tons in October. At present, China imported from several Wuxi mines in Wa State, Myanmar in September, and only some tin mines were imported from southern Myanmar. Although the technical transformation of Yinman Mining, a subsidiary of Xingye Yinxi, has gradually increased, if the ban on mining in Wa State in Myanmar continues, it will gradually affect the domestic tin supply with time. It is expected that the export of Indonesian tin ingots will no longer be troubled by export licenses in the fourth quarter. Due to the gradual expansion of China's tin ingot import profit, the domestic tin ingots imported from overseas will increase in magnitude, including those imported from other countries such as Indonesia. Pay attention to the changing trend of Indonesia's tin ingot export.

Tin solder prices based on materials' cost, which changed almost every day. Lead free solder was alloy of Tin, Copper, Silver or Antimony...., Leaded solder was alloy of Tin and lead. we are the manufacturer of solder wire, soldering bar, soldering wick and soldering flux paste.PLS view on website:www.smm.cn, which showing metals' quotation and update day by day. Market quotation is still dominated by premium mode. In September, the number of long-term discount quotations of imported products in the market increased, and some of the quotations have been discounted over 1000 yuan/ton; A small number of domestic non-delivery brands' early premium quotations are concentrated in the range of 1,000 ~ 1,300 yuan/ton, and the disk pending orders are concentrated below 198,000 yuan/ton; The premium of the brand's early delivery quotation is maintained in the range of 1,500 ~ 2,000 yuan/ton, and the actual transaction premium has little deviation from the early delivery quotation, which is concentrated around 1,500 yuan/ton; The price premium of Yunxi brand in early trading is maintained at 2000~3000 yuan/ton, and the transaction scale is smaller than that of other brands.

SMM Tin Afternoon Review While solder techniques are used within many industries today, both the automotive and consumer electronics industries are highly dependent on high-quality solder wire. solder bar and soldering flux paste. Solder quotation based on main tin metal which changes almost every day. The Market quotation is still based on the way of promotion and discount with less fixed quotation, and the quotation of 2209 contract has become the mainstream. The mainstream premium quotation of domestic non-delivery brands in early trading is concentrated in the range of 500-1,000 yuan/ton, and the actual transaction premium has little deviation from the quotation. The premium of the brand's early delivery quotation remained in the range of 1,000-2,000 yuan/ton, and the actual transation premium of some merchants increased slightly; The quotation quantity of Yunxi brand is relatively small, and the quotation premium in early trading is maintained in the range of 1,500-3,000 yuan/ton.