[SMM afternoon Review] the trading atmosphere in the spot market is lukewarm due to the sharp rise of tin in Shanghai Stock Exchange.

Published: Jul 6, 2020 12:08

SMM7, June 6:

On the spot market, today's quotation is 139000 won 141500 yuan / ton. When quoted today, the morning futures market is basically the same as last Friday, so the net price remains unchanged. The subsequent price pull up, the manufacturer's quotation increases, the price is high and the downstream will to receive goods is cold, traders have a small amount of timely delivery, and then the factory quotation continues to rise with the futures price, and the transaction is light. The overall trading atmosphere in the Shanghai tin market is cold. Liter discount, the Shanghai tin 2008 contract set Yunxi 500 yuan / ton near, ordinary Yunzi level near the water, small brand discount 1000 yuan / ton.

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