Falling SHFE Tin Distresses Sentiment in Shanghai Spot Tin Market, SMM Reports

Published: Sep 7, 2017 13:14

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Market sentiment was depressed after SHFE tin prices fell. A wait-and-see attitude grew in Shanghai spot tin market, SMM reported.

SHANGHAI, Sept. 7 (SMM) – Market sentiment was depressed after SHFE tin prices fell. A wait-and-see attitude grew in Shanghai spot tin market, SMM reported.

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Mainstream traded prices in Shanghai were 141,800-143,050 yuan per tonne this morning.

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Discounts for hedged Yunxi tin were 1,800-2,000 yuan per tonne. Regular tin from Yunnan Tin Group traded at 142,300-142,500 yuan per tonne. Yunxi Tin traded at 143,500-144,000 yuan per tonne, with 141,800-142,000 yuan per tonne for small brand tin.

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SHFE tin price tin price spot tin price

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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