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Strong Wait-and-See Sentiment Prevails in Shanghai Spot Tin Market, SMM Reports
Sep 14,2017 13:28CST
industry news
Source:SMM
Trading in Shanghai spot tin market was quiet today since downstream buyers most took a wait-and-see attitude, SMM reported.

SHANGHAI, Sept. 14 (SMM) – Trading in Shanghai spot tin market was quiet today since downstream buyers most took a wait-and-see attitude, SMM reported.

LME Tin Net Long Positions Increase for 3 Weeks on End on Market Optimism

SHFE tin prices pulled up in the morning and then lacked ability to rise.

Mainstream traded prices in Shanghai were 142,000-144,000 yuan per tonne this morning.

China Tin Output to Grow Further in 2017, SMM Predicts

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

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