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[SMM tin brief review] the price of Shanghai tin has fallen again and the buying interest in the lower reaches has not improved yet.
Jul 31,2020 11:46CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 31:

On the spot market, it is quoted at 144000-147500 yuan / ton today. Shanghai tin plate than yesterday's center of gravity moved down 2000 yuan / ton, the average net price fell 1250 yuan / ton. The downstream still thinks that the absolute price is too high and the willingness to receive the goods is not high. Futures prices fell, hedges prices compared to manufacturers have an advantage, a small number of shipments. The overall trading atmosphere of the Shanghai tin spot market is general. In terms of rising discount, the set price of Shanghai tin 2010 contract is around 500yuan / ton, Yunzi discount is 500yuan / ton to flat water, and small-brand discount is 2000 yuan / ton.

 

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