[SMM afternoon Review] the trading atmosphere in the spot market is lukewarm when tin prices rise in Shanghai.

Published: Jul 3, 2020 11:49

Save

SMM7, March 3:

On the spot market, today's quotation is 139000 won 141500 yuan / ton. Shanghai tin trading continued last night after the opening, 08 contract briefly broke through the 140000 yuan / ton pressure line, spot prices followed the rise, the average net price rose 1000 yuan / ton. Prices have been in a high position in recent days, superimposed today, the willingness to receive goods downstream is weaker, and the trading atmosphere in the Shanghai tin spot market is cold. In terms of discount, Yunxi rose about 1500 yuan / ton for Shanghai tin 2008 contract, about 1000 yuan / ton for ordinary Yunzi, and about flat water for small brands.

In the afternoon

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

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

Related News

41 mins ago

Data: SHFE, DCE market movement (Sep 14)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 14 Sep , 2026

41 mins ago

4 hours ago

US August CPI further boosts rate hike expectations; the most-traded SHFE tin contract approaches the 400,000 yuan mark [SMM Tin Midday Review]

[SMM Tin Midday Review: US August CPI Further Fuels Rate Hike Expectations, the Most-Traded SHFE Tin Contract Approaches the 400,000 Yuan Mark]

4 hours ago

7 hours ago

SHFE tin closed at 404,090 yuan in the night session, down 1.51%, falling below the 410,000 mark. LME tin was at $53,200/mt, down 1.69% [SMM Tin Morning Update]

[SMM Tin Morning Update: SHFE tin closed at 404,090 yuan in the night session, down 1.51%, falling below the 410,000 yuan mark; LME tin was at $53,200/mt, down 1.69%]

7 hours ago