Cargo Holders Sell Actively in Shanghai Spot Tin Market, with Trading Quiet, SMM Reports

Sep 5, 2017 11:58

Source:SMM

Trading for spot tin is quiet today in Shanghai. Cargo holders are active in selling, but downstream buyers stay on the sidelines, SMM reported.

SHANGHAI, Sept. 5 (SMM) – Trading for spot tin is quiet today in Shanghai. Cargo holders are active in selling, but downstream buyers stay on the sidelines, SMM reported.

Mainstream traded prices in Shanghai were 143,500-145,000 yuan per tonne this morning, with trading quiet.

Discounts for hedged Yunxi tin were 2,000 yuan per tonne. Regular tin from Yunnan Tin Group traded at 144,000-144,500 yuan per tonne, 2,500-3,000 yuan per tonne below SHFE 3-month tin. Yunxi Tin traded at 145,000 yuan per tonne, with 143,500 yuan per tonne for small brand tin.

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Cargo Holders Sell Actively in Shanghai Spot Tin Market, with Trading Quiet, SMM Reports

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