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[SMM Weekly report selected] Tin imports decreased by about 44% month-on-month in August. It is expected that tin will still be in short supply in September.
Sep 26,2020 11:14CST
translation
Source:SMM
[selected SMM Weekly] from the beginning of this week to Wednesday morning, the price of Shanghai tin fluctuated, and the US dollar rose sharply on Wednesday, with a general setback in the metal market. Shanghai tin fell with the futures price on Wednesday afternoon, and tin price reached a recent low on Thursday and Friday, with a small brand of about 140500 yuan / ton. By Thursday, the downstream delivery was more active, the market supply was less, the demand was more, and the sticking water rose somewhat. The set price of Yunxi rose 1500 yuan / ton against the Shanghai tin futures 2011 contract, Yunzi rose 500-1000 yuan / ton, and the small card rose around 500 yuan / ton.
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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:

 

The price of Shanghai tin fluctuated from the beginning of this week to Wednesday morning, and the US dollar rose sharply on Wednesday. The metal disk was completely frustrated. Tin prices in Shanghai fell with the futures price on Wednesday afternoon, and tin prices reached a recent low on Thursday and Friday. The small card is about 140500 yuan / ton. By Thursday, the downstream delivery was more active, the market supply was less, the demand was more, and the sticking water rose somewhat. The set price of Yunxi rose 1500 yuan / ton against the Shanghai tin futures 2011 contract, Yunzi rose 500-1000 yuan / ton, and the small card rose around 500 yuan / ton.

Customs data released that imports of tin mines decreased by about 44% month-on-month in August, or about 2000 metal tons, and it is estimated that tin mines will still be in short supply in September. Tin mine shortages are expected to remain low until October this year. Processing fees are generally depressed, and some smelters have stopped production and reduced production.

 

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