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

Published: Sep 22, 2017 12:05

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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.

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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.

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tin prices SHFE tin price tin tin output

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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