"SMM Tin Brief: Shanghai Tin Prices Continue to Decline, SHFE Tin Ware

Published: Nov 21, 2023 16:01

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"SMM Tin Brief: Shanghai Tin Prices Continue to Decline, SHFE Tin Warehouse Receipts Increase by 247 Tons Today's tin prices have slightly declined, and downstream enterprises show no significant increase in purchasing enthusiasm. The trading market is relatively flat, with some trading companies having completed transactions of around 40 tons in the night market yesterday, and most trading companies completing transactions of around 10 tons in the morning. However, the spot market was relatively quiet in the afternoon, with most enterprises selling sporadically, and a few companies selling around two trucks' worth of goods. Overall, the spot market has cooled down relatively quietly today. SHFE tin warehouse receipts increased by 247 tons today to 5869 tons, while LME tin stocks decreased by 15 tons to 7825 tons."

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