SMM Spot Tin Commentary: Tin Prices Fall Again, Spot Transactions Rema

Published: Oct 10, 2023 16:11

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SMM Spot Tin Commentary: Tin Prices Fall Again, Spot Transactions Remain Hot, Profitability of Tin Ingot Imports Narrows. Today, tin prices fell again, downstream enterprises still have a high buying sentiment, most trading companies reported that shipments continued to be hot today, with most trading companies shipping 20-70 tons in the morning. However, some companies also reported that there was not much remaining tin ingot inventory, indicating that there were not many sources of goods other than long orders. Today, the tin warehouse receipts on the Shanghai Futures Exchange decreased by 122 tons to 6,669 tons, while LME tin inventories increased by 60 tons to 7,560 tons. The profitability of tin ingot imports has narrowed.

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