SHFE Tin Prices Hover Sideways and Spot Market Improves

Published: Mar 17, 2023 09:38

Source: SMM

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The SHFE 2304 tin contract hovered sideways last night and closed at 179,890 yuan/mt, down 1.12%.

SHANGHAI, Mar 17 (SMM) - The SHFE 2304 tin contract hovered sideways last night and closed at 179,890 yuan/mt, down 1.12%.

On the fundamentals, the warrants fell slightly yesterday amid and the spot market improved. In the spot market, the discounts of small brands maintained high. The supply of imported tin was scarce.

The SHFE 2304 tin contract hovered sideways and closed at 179,890 yuan/mt, down 1.12%.

To sum up, the current tin prices were still suppressed by the weak demand from downstream enterprises. Downstream processing companies cannot actually digest inventory by stocking up at low prices, and they still need to pay close attention to the progress of consumer confidence restoration.

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