Spot Tin Market Attracts Bargain Hunters after SHFE Tin Plunges, SMM Reports

Published: Aug 23, 2017 12:02

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Purchases are active by bargain hunters in Shanghai market today as spot tin fell with SHFE tin, SMM reports.

SHANGHAI, Aug. 23 (SMM) – Purchases are active by bargain hunters in Shanghai market today as spot tin fell with SHFE tin, SMM reports.

Mainstream traded prices in Shanghai slumped to 142,000-144,000 yuan per tonne this morning, with trading quiet.

WBMS: World Tin Supply in Deficit January-June

Spot tin price in Shanghai climbed to 143,800-145,500 yuan per tonne along with futures. Prices were 143,500 yuan per tonne for Yunxi tin. Regular tin from Yunnan Tin Group traded at 142,000-142,500 yuan per tonne. Trading for small brand tin was limited.

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