The Tin Industry Association issues a proposal: the irrational rise in tin prices has already had an impact on the industrial supply chain and calls on all parties in the market to maintain a rational and cautious attitude.
Financial Intelligence APP learned that on December 23, the Tin Branch of the China Nonferrous Metals Industry Association and the Electronics Tin Solder Materials Branch of the China Electronics Materials Industry Association jointly issued a proposal stating that the irrational rise in tin prices has already caused an impact on the supply chain of the industry. As an important strategic metal, the stability of the tin market has far-reaching significance for many areas of the national economy. As an indispensable basic raw material for key industries such as electronic soldering, new energy, high-end equipment manufacturing, green tin plating, and national defense industry, the security of tin supply and stable prices are directly related to the stability and competitiveness of China's industrial chain. In order to better maintain market order and create a stable market environment, it is called for all parties in the market to maintain a rational and cautious attitude, avoid blindly following the trend, objectively judge market trends, increase risk awareness, jointly create a healthy and rational market environment, resist speculation that violates market objective laws, and collectively guide prices back to a reasonable range, improve long-term stable market mechanisms.
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