According to the monitoring of the commodity market analysis system of Shengyi Society, the 1 # tin ingot market in East China rose this week (4.1-4.14), with an average market price of 375920 yuan/ton at the beginning of the month and 383270 yuan/ton as of April 14th, an increase of 1.96%.
| Gamma-PGA (gamma polyglutamic acid) |
According to the data from Shengyishe Spot News:
In the first half of April 2026, tin prices showed a fluctuating upward trend in the range of 366000 to 383000 yuan/ton. From a technical perspective, it presents a pattern of short-term strength and medium-term stability. Among them, the 10 day and 20 day moving averages formed a clear bullish structure, which became a key supporting factor driving the upward trend of tin prices.
From the specific performance analysis of the moving average pattern, from April 1st to 14th, the 10 day moving average of tin prices remained stable above the 20 day moving average, constructing a classic golden cross bullish pattern. On April 1st, the tin price was reported at 375920 yuan/ton, with both the 10 day and 20 day moving averages in the median range. Subsequently, the price continued to rise, with the 10 day moving average quickly surpassing the 20 day moving average and maintaining an upward divergent trend. This phenomenon fully reflects the dominance of short-term bullish forces, and the market’s bullish sentiment towards tin prices continues to heat up.
In terms of market performance, from April 7th to 14th, tin prices quickly rebounded after repeatedly touching the 10 day moving average. For example, on April 13th, tin prices fell to 371170 yuan/ton, briefly touching the median level of the 10 day moving average, and then rebounded to 378130 yuan/ton the next day, highlighting the strong support properties of the 10 day moving average. At the same time, the 20 day moving average has maintained a steady upward trend, gradually rising from the median range in early April to the high range. On April 14th, the tin price was reported at 383270 yuan/ton, successfully stabilizing in the high area of the 20 day moving average. This indicates that the medium-term trend continues to improve, and the moving average system plays a significant role in supporting and guiding the price.
However, in the first half of April, tin prices did not simply rise, but also showed a certain degree of volatility. On April 2nd and April 13th, tin prices experienced a single day decline of over 1.8%, corresponding to a slight narrowing of the 10 day moving average and 20 day moving average. However, this is a normal correction phenomenon in the upward trend and does not change the overall upward moving average arrangement structure.
The technical strength of tin prices in the first half of April was supported by both tight supply and demand balance and macroeconomic favorable factors, laying a solid foundation for the upward trend of tin prices.
supply side
Continuous restriction is the core supporting factor. The slow resumption of tin ore production in Myanmar and Indonesia’s strict control over illegal mining, as well as tightening export approvals, have resulted in extremely limited global tin ore supply growth. Although the import volume of tin ore in China increased significantly by 96.04% year-on-year in February 2026, it decreased by 3.69% month on month, and the increase in ore imports from Myanmar did not meet expectations. In addition, the raw material inventory of domestic smelters is at a low level, which limits the release of refined tin production and leads to a tight supply of goods in the market.
demand side
The outbreak of peak season has arrived. April, as the traditional peak season of “Golden Three and Silver Four”, accelerates the resumption of work and production in infrastructure and real estate, while the automotive and home appliance industries rush to make up for orders. At the same time, emerging demands such as AI computing power centers and photovoltaic installations have rapidly emerged, leading to a significant increase in downstream demand for tin solder and photovoltaic ribbon. Especially with the significant year-on-year increase in AI server shipments, and the much higher tin consumption per device compared to traditional equipment, it has become the core incremental driving force behind the rise in tin prices.
Macroscopic perspective
Continuously releasing positive signals. The US has reached a two-week ceasefire agreement, easing geopolitical risks, weakening the US dollar index, and overall commodity market sentiment has rebounded. In addition, although the market has delayed expectations of the Federal Reserve’s interest rate cut, inflation expectations remain high, providing valuation support for industrial metals, and funds continue to flow into scarce industrial metal sectors such as tin.
comprehensive analysis
Based on the comprehensive technical and news situation, it is expected that tin prices will continue to fluctuate strongly and shift their focus upwards in late April. In the short term, they are expected to hit the 400000 yuan/ton mark, but in the medium term, we need to be vigilant about the risk of a pullback caused by supply recovery. The bullish structure of the 10 day and 20 day moving averages has not been disrupted. The short-term support levels are 370000 yuan/ton (10 day moving average) and 365000 yuan/ton (20 day moving average), respectively. If the price rebounds to this range, it will be a good buying opportunity. The upper pressure level is mainly concentrated at 390000-400000 yuan/ton, which corresponds to the high volatility range in the early stage. Coupled with bullish profit taking, there may be a period of volatile digestion.
| http://www.lubonchem.com/ |