In the case of imbalance between supply and demand, the price of tin in Shanghai has fallen rapidly. On May 26th, the price of tin in Shanghai hit 253,500 yuan/ton, the lowest since last year 10, which was over 23% lower than the price of 330,000 yuan/ton at the beginning of this month. "At present, the price of tin per ton in Shanghai has dropped from a high point 10 million yuan, which exceeds market expectations." Ding, a tin analyst in the Rare Metals Department of Shanghai Steel Union, told Interface News. Last year, due to the tight supply of overseas tin minerals such as Malaysia and the southern power restriction policy, the price of tin in Shanghai rose from 6.5438+0.5 million yuan per ton at the beginning of the year to nearly 300,000 yuan at the end of the year. With the recovery of European and American market demand this year, the terminal market of tin products is generally expected to improve. The price of tin in Shanghai continues to rise, reaching a record high of 395,000 yuan/ton. Subsequently, the overall price of Shanghai tin was relatively stable. However, since May 6, the price of tin in Shanghai has been falling all the way, and it once showed a downward trend for five consecutive trading days. Ding told the interface journalist that the recent drop in tin prices was mainly due to the staged imbalance between supply and demand of tin. Since the Spring Festival this year, the import window of refined tin has been continuously opened, and the supply side is relatively loose. According to the data of the General Administration of Customs, in the first four months of this year, China imported tin concentrate10.45 million tons, a year-on-year increase of more than 70%. * * * Imported 5,999 tons of refined tin, up 155.7% year-on-year, exceeding the import level of last year. Meierya Futures Research Report believes that the continuous growth of refined tin imports is mainly due to the continuous rise of tin prices in Shanghai since last year, making imports profitable. According to the research report, as of mid-May, the import profit of refined tin reached per ton 1.90 yuan. Tin is mainly used in tin solder, tin chemical industry, tinplate, float glass and other fields, and its terminal industries include electronic industry, household appliances, metallurgical industry and so on. Among them, more than half of China's tin consumption is used in the field of electronic solder. Ding said that due to the recent domestic epidemic, the production and export of domestic integrated circuits showed negative growth in the first quarter, and the consumption of semiconductors such as automobile electronics was obviously hindered. Weak demand stimulated the decline of tin price. In addition, market panic has further aggravated this situation. According to ITA statistics, the top five tin producers in the world last year were China Tin Industry Co., Ltd. (000960. SZ), Peru Minsur, Indonesia PT Timah, China Chengfeng, Malaysian Smelting Company (MSC). The financial report shows that tin industry is the largest tin production and processing base in China. Last year, the company's domestic market share of tin metal was 49.3 1%, and the global market share was 23.95438+0%. The newspaper called the tin industry an investor. A person from the company's Secretary-General's Office said that the sharp drop in tin prices in the short term will have a certain impact on the company, but the overall impact is limited. At present, the company's tin product inventory is at a normal level. After short-term fluctuations, it is expected that the tin price will remain at a high level, which has little impact on the company's overall operating performance. Affected by the decline in tin prices, the share price of tin industry has also fallen recently. As of May 26th, the share price of Tin Industry closed at 16. 15 yuan/share, down 0.8% from the previous day and nearly 20% from the beginning of this year. Ding pointed out that with the decline in prices, domestic smelters are willing to further reduce production ahead of schedule. At the same time, the import window has been closed and the import of tin ingots will be reduced in the future. When the domestic epidemic situation improves, the probability of increasing demand in the Yangtze River Delta region is extremely high. At present, it is not appropriate to be overly pessimistic about tin prices. He said that the demand for tin ingots has also benefited from the rapid growth of photovoltaic and new energy sources, and in the medium and long term, the price of tin is still expected to rise again. According to the research report of CICC, tin solder can be used as adhesive tape in photovoltaic modules. With the development of new energy industry, it is estimated that the average annual growth rate of global photovoltaic tin consumption will reach 29% from 2002 to 2024.