SHANGHAI, Mar 1 (SMM) - The SHFE 2304 tin contract fell and remained at 205,000 yuan/mt yesterday night, and closed at 204,940 yuan/mt, down 2.27%.
The domestic tin inventory under warrants increased slightly. The spot discounts remained stable while the imported goods were less cost-effective.
The SHFE 2304 tin contract fell yesterday night, and fell 2.27% to close at 204,940 yuan/mt.
To sum up, tin prices fluctuated widely in the past two days, and downstream enterprises were sensitive towards the price change, reflecting that downstream demand was still fragile. Tin prices fell again today, which may stimulate the demand. The upstream smelters has already fully recovered, and the overall demand in the spot market is still recovering, especially the electronics sector. It is still necessary to pay further attention to the recovery of the spot market.
