Traded prices for spot tin in Shanghai were RMB 138,000-139,000/mt on Tuesday.
SHANGHAI, Jul. 3 (SMM) – Traded prices for spot tin in Shanghai were RMB 138,000-139,000/mt on Tuesday. Low-priced goods were limited, but resources at higher prices still saw depressed consumption. Downstream demand remained sluggish, leaving strong wait-and-see sentiment in the market. In the afternoon, LME tin prices broke above USD 20,000/mt, but spot tin prices showed no improvements as downstream buyers were still unwilling to purchase.
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