In Shanghai tin market, traded prices were mainly at RMB 140,000-141,500/mt on June 18.
SHANGHAI, Jun. 19 (SMM) – In Shanghai spot tin market, traded prices were mainly at RMB 140,000-141,500/mt on June 18, and some goods from Yunnan Tin Group with low lead content were traded at RMB 142,000/mt. A few transactions for Jiangxi’s brands were made at RMB 139,500/mt. The approaching low-demand season for downstream market left tin consumption sluggish, hurting market sentiment, with many investors bearish to market outlook. Thus, trading remained quiet despite lower prices, and spot tin prices may continue to fall.
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