SHFE Tin Prices Fluctuated Rangebound, Recent Spot Market Transactions Have Weakened [SMM Tin Midday Review]

Publicado: Jul 3, 2024 15:24
Fuente: SMM
Futures Market: In the early trading session today, SHFE 2408 tin contract price fluctuated rangebound, closing at 272,970 yuan/mt at midday, down 0.53%.

Futures Market: In the early trading session today, SHFE 2408 tin contract price fluctuated rangebound, closing at 272,970 yuan/mt at midday, down 0.53%.

Spot Market: During the early trading session today, traders' quotes for various domestic tin brands showed little change compared to recent days. Small brand tin was quoted at a discount of 400-500 yuan/mt against the 2408 contract, delivery brand was quoted at a discount of 0-500 yuan/mt against the 2408 contract, and Yunxi brand was quoted at a premium of 200-400 yuan/mt over the 2408 contract. There were no quotes for imported tin brands. In the early trading session today, SHFE tin prices fluctuated rangebound, and downstream procurement sentiment was quite low, with most buyers adopting a wait-and-see approach. Most traders saw only sporadic transactions in the morning. Overall, the spot market transactions were relatively sluggish today.

Declaración de Fuente de Datos: Excepto la información disponible públicamente, todos los demás datos son procesados por SMM basándose en información pública, comunicación de mercado y confiando en el modelo de base de datos interna de SMM. Son solo para referencia y no constituyen recomendaciones para la toma de decisiones.

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SHFE Tin Prices Fluctuated Rangebound, Recent Spot Market Transactions Have Weakened [SMM Tin Midday Review] - Shanghai Metals Market (SMM)