[SMM afternoon Review] the focus of the futures market has shifted downwards. Turnover in the spot market is still light.

Published: Jul 15, 2020 11:38

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SMM7 March 15:

On the spot market, today's quotation is 1400000 RMB143000 per ton. Shanghai tin noodles this morning continued the decline late last night, the center of gravity moved lower than yesterday morning, the average net price fell 500 yuan / ton. Prices have declined, but manufacturers' shipments are still general, downstream just need to purchase, traders hold a wait-and-see attitude, the overall spot market trading atmosphere is relatively weak. Liter discount, the Shanghai tin 2009 contract set Yunxi rose about 500yuan / ton, near Yunzi Pingshui, small brand discount around 2000 yuan / ton.

In the afternoon

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