【SMM Tin Briefing: Shanghai Tin Prices Rebound in Afternoon, Spot Mark

Published: Nov 28, 2023 16:39

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【SMM Tin Briefing: Shanghai Tin Prices Rebound in Afternoon, Spot Market Transactions Remain Hot】

Today, the price of tin has remained relatively low, but the trading market is hot. After a sharp decline in the night session, downstream enterprises have shown a greatly increased enthusiasm for purchasing. Most trading companies have completed transactions for around two lots in the morning, and the spot market continues to be active in the afternoon, with most companies completing transactions for about two lots, and some companies selling about one lot. Overall, the spot market transactions are relatively hot today. Today, the Shanghai Futures Exchange reduced tin warehouse receipts by 62 tons to 5268 tons, while LME tin inventory remained unchanged at 7810 tons.

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