SHANGHAI, Mar 9 (SMM) – Affected by weak consumption and stronger expectations of the Federal Reserve raising interest rates, the most active SHFE tin contract slumped to 191,800 yuan/mt in last night's trading, the lowest since December 21, 2022. It continued to fall today, with a decline of 2.1% as of the noon close, the sixth consecutive day of decline.
The average spot price of SMM #1 tin has fallen for two consecutive days, and stood at 195,750 yuan/mt today, a drop of 2,750 yuan/mt or 1.39% from yesterday.
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