Tin Industry News Today : Breaking News, Live Updates & Top Stories | Vimarsana

[selected SMM tin weekly report: the spot tin price remains stable during the week.] this week, Shanghai tin rebounded slightly in 2205 weeks and rebounded slightly. By Friday's close, the cumulative weekly price volatility was-0.75%, and the total increase or decrease in position difference was-4400 hands. The trend of Lunxi has rebounded synchronously this week, closing at $43400 a tonne on Thursday, with weekly volatility of-0.3 per cent as of press time. On the demand side, downstream solder enterprises as a whole.

[SMM Tin Weekly selection] Shanghai Tin 2203 shock strength this week, as of Friday's close, weekly cumulative price increase of + 1.46%, total position difference increase or decrease of-2655 hands. The price trend of Lunxi Synchronize was strong this week, closing at US $43950 / ton on Thursday, with weekly price volatility of + 0.68% as of press time. The Shanghai-Lun ratio fluctuated to around 7.57. As of Friday, Lunxi inventory 2370 tons, LMEcash contract to maintain a rise of about 141USD / t.

[global tin market oversupply 2100 tons from January to December of WBMS:2021] data released by WBMS on Wednesday showed that the global tin market had an oversupply of 2100 tons from January to December 2021. From January to December of 2021, it is reported that the output of refined tin increased by 3000 tons over the same period last year.

[Indonesia's refined tin exports fell 70 per cent in January from a year earlier] Indonesia's refined tin exports fell 70.7 per cent compared with the same period last year to 1216.44 tons in January, according to figures released by Indonesia's trade ministry on Friday. Mining officials have previously said that Indonesia's tin export permits have been issued slowly due to administrative problems, and the government is currently dealing with the problem.

[Harima acquires Henkel's tin solder business] Japanese solder manufacturer Harima Chemicals Group announced the acquisition of the solder business of Henkel AG of Germany. The acquisition as part of Harima's global expansion plan will increase their revenue in this area from $43.5 million in 2021 to possibly more than $75 million and significantly expand their customer base. The move marks a further consolidation of the relatively small welding industry following Metro's acquisition of Kester in 2019.