Snapshot: Tin spot market in Shanghai

SHANGHAI, Mar 28 (SMM) – Trading in the tin spot market in Shanghai was flat with prices mostly at 140,700-142,000 yuan/mt on Wednesday March 28. 

As SHFE tin weakened, the difference between spot and contract prices narrowed. Smelters held back as supplies of ore were short. Supplies of lower-priced products was also limited, SMM learned.

Yunnan Tin products traded at a premium of 600-700 yuan/mt while other brands from the province traded at a discount of around 100 yuan/mt. Smaller brands traded at a discount of 400 yuan/mt today.

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