SHANGHAI, Jul. 22 (SMM) – In Shanghai tin spot markets, prices moved up on Thursday following rising LME tin prices overnight, and traded prices climbed to RMB 203,200-204,500/mt. Tin from Yunnan Tin Group, Yunheng and Yunxiang brands traded at RMB 204,000-204,500/mt, while Nanshan brand and other brands from Guangdong traded at RMB 203,200-203,500/mt. The overall transactions remained quiet, due to depressed downstream buying interest from constantly falling prices. LME tin prices met resistance at USD 28,000/mt, and are expected to experience corrections around this level. In this context, domestic tin spot price growth should also be restricted, with prices possibly keeping fluctuating at high levels over the near term with weak consumption.
Copyright © SMM. All Rights Reserved
None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: firstname.lastname@example.org