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Home / Metal News / Price Fall Fuels Wait-and-See Sentiment in Shanghai Spot Tin Market, SMM Reports

Price Fall Fuels Wait-and-See Sentiment in Shanghai Spot Tin Market, SMM Reports

Sep 22, 2017 12:05

Source:SMM

A wait-and-see attitude grew among downstream buyers in Shanghai spot tin market today after prices fell, SMM reported.

SHANGHAI, Sept. 22 (SMM) – A wait-and-see attitude grew among downstream buyers in Shanghai spot tin market today after prices fell, SMM reported.

Spot tin prices fell as SHFE tin tumbled overnight, down to 141,500-143,000 yuan per tonne this morning.

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Prices for hedged Yunxi tin were 1200-1500 yuan per tonne below SHFE 3-month tin, trading at 142,500-142,800 yuan per tonne.

China Tin Output to Grow Further in 2017, SMM Predicts

Regular tin from Yunnan Tin Group traded at 142,000-142,500 yuan per tonne, with 141,500 yuan per tonne for small brand tin.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

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

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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Price Fall Fuels Wait-and-See Sentiment in Shanghai Spot Tin Market, SMM Reports

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