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[selected SMM Weekly] overall transaction atmosphere in the spot market in Shanghai is weak.
May 30,2020 12:03CST
translation
Source:SMM
[selection of SMM Weekly report: overall trading atmosphere in the Shanghai tin market is weak] spot prices in Shanghai are generally affected by fluctuations in the tin market in Shanghai this week, showing a trend of suppression at first and then rising. At the beginning of the week, due to the slight downward movement of the center of gravity, spot prices fell somewhat, and some traders made purchases, but downstream enterprises maintained a weak pattern of buying. Subsequently, the disk price gradually rose, and the market spot price rose somewhat, but due to the extent of the increase in the disk price and the weak market demand, the overall increase in the spot price of Shanghai tin was relatively small.
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"SMM Tin Industry chain Weekly report" is released. SMM will select hot topics, prices, quotations or major changes in the industry chain and release information for your reference.

The following is an excerpt from the weekly report of SMM tin industry chain:

 

This week, the spot price of Shanghai tin was first suppressed and then increased by the fluctuation of tin disk in Shanghai. At the beginning of the week, due to the slight downward shift of the center of gravity of the market, spot prices fell somewhat, and some traders made purchases, but downstream enterprises maintained a weak pattern of buying. Subsequently, the disk price gradually rose, and the market spot price rose somewhat, but due to the extent of the increase in the disk price and the weak market demand, the overall increase in the spot price of Shanghai tin was relatively small. On Friday, spot quotations continued to move slightly up to 136500 won 138500 yuan / ton. Upstream merchants were relatively positive in shipments, but downstream buying interest remained weak. The overall transaction atmosphere in the Shanghai-tin spot market is weak this week. In terms of liter discount, on Friday, the price of Yunxi on the Shanghai tin 2007 contract suite rose 4500, 000 yuan / ton, ordinary Yunzi rose 3,500, 000 yuan / ton, and the small brand rose around 3000 yuan / ton.

 

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