Yesterday night SHFE tin price dropped significantly, some trading com

Published: Aug 9, 2023 16:12

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Yesterday night SHFE tin price dropped significantly, some trading companies reported that the transaction volume was good and there were more shipments. Today tin price rebounded and downstream companies' purchasing willingness weakened after the release of the night session. Most trading companies reported that the transaction volume of the day session was relatively flat. Due to the improved shipment of tin ingots in the spot market last week, the tin price dropped slightly this week, and downstream companies released more replenishment demand at the relatively low price. Some trading companies reported that their tin ingot inventory was low and they were waiting for the opportunity to replenish. Today, the tin warehouse receipt of SHFE decreased by 69 tons to 8841 tons, while the LME tin inventory increased by 70 tons to 5675 tons.

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