Snapshot: Tin spot market in Shanghai

SHANGHAI, Apr 12 (SMM) – Trading in the tin spot market in Shanghai was decent on Thursday April 12 with transactions mostly done at 142,200-144,000 yuan/mt, SMM learned.

Products from Yunnan Tin traded at 143,500-144,000 yuan/mt for the most part, while other brands from the province traded at 142,600-143,300 yuan/mt. Yunxiang saw a discount of 500 yuan/mt, and Yunheng and Tianti at flat to small premiums against the SHFE 1805 contract.

Smaller brands traded at a discount of 600-800 yuan/mt, with some down to 142,000 yuan/mt.

Downstream consumers were keen to buy at low levels, while some traders held back from selling.

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