Falling SHFE Tin Distresses Sentiment in Shanghai Spot Tin Market, SMM Reports

SHANGHAI, Sept. 7 (SMM) – Market sentiment was depressed after SHFE tin prices fell. A wait-and-see attitude grew in Shanghai spot tin market, SMM reported.

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Mainstream traded prices in Shanghai were 141,800-143,050 yuan per tonne this morning.

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Discounts for hedged Yunxi tin were 1,800-2,000 yuan per tonne. Regular tin from Yunnan Tin Group traded at 142,300-142,500 yuan per tonne. Yunxi Tin traded at 143,500-144,000 yuan per tonne, with 141,800-142,000 yuan per tonne for small brand tin. 

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