Today, Shanghai tin prices have dropped significantly, downstream corp

Published: Aug 10, 2023 16:58

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Today, Shanghai tin prices have dropped significantly, downstream corporate purchasing sentiment has warmed up, but the purchasing intention is not very active. Some trading companies feedback that the shipment situation in the spot market is better than yesterday morning, but it is not a large amount of sales, only returning to the relatively normal shipment level. However, in the middle of the market, some trading companies adjusted to a large discount of 800-1000 yuan/ton for small brands and a large discount of 1000-1300 yuan/ton for imported tin ingots, which also drove more purchasing demand to the large discount sources. Today, the tin warehouse bill of the previous period decreased by 176 tons to 8665 tons, while the LME tin inventory accumulated by 20 tons to 5695 tons...

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