SHANGHAI, Mar 10 (SMM) - The SHFE 2304 tin contract fell and once fell below 190,000 yuan/mt, and closed at 192,210 yuan/mt, down 1.12%.
Fundamentally, the warrants of SHFE increased sharply yesterday, but the spot market continued to be depressed. The spot discounts of deliverable brands remained stable while that of small brands were still high. The market supply of imported goods were still insufficient.
The SHFE 2304 tin contract fell and once fell below 190,000 yuan/mt, and closed at 192,210 yuan/mt, down 1.12%
To sum up, demand stimulus policies are expected to be released intensively during the recent "two sessions", but it will take time for the demand to improve. Tin prices may continue to fall.
