SHANGHAI, Mar 21 (SMM) - SHFE 2304 tin contract hovered sideways last Friday night and close at 183,320 yuan/mt, up 1.87%.
On the fundamentals, the warrants fell sharply and the spot market improved amid falling tin prices. In the spot market, the discounts of small brands maintained high. The supply of imported tin was scarce.
SHFE 2304 tin contract hovered sideways and close at 183,320 yuan/mt, up 1.87%.
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.
