Shanghai Tin Market Sees Weak Buying Appetite, SMM Reports

SHANGHAI, Aug. 17 (SMM) – Trading in Shanghai tin market is quiet today as downstream buyers interest is weak, SMM reports.

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Mainstream traded prices in Shanghai were 144,000-145,800 yuan per tonne this morning. Hedged goods from Yunnan Tin Group traded at premiums of 300-500 yuan per tonne over SHFE 1709 tin, with 145,500-145,800 yuan per tonne for Yunxi tin. Regular tin from Yunnan Tin Group traded between 145,000-145,000 yuan per tonne. Small brand tin traded at 144,000 yuan per tonne.

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