SMM Tin Review: Shanghai tin prices continue to rise, downstream enter

Published: Dec 19, 2023 23:41

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SMM Tin Review: Shanghai tin prices continue to rise, downstream enterprises mostly placing low-price orders. Today, the tin prices continue to rise, and trading enterprises have reported that downstream enterprises are mostly placing low-price orders. Some trading enterprises have completed transactions of around 10 tons in the morning, while a few have completed transactions of about 30 tons. The spot market this afternoon has continued the situation from this morning, with most enterprises completing transactions of around 10 tons, and a small number completing transactions of about 50 tons. Overall, the spot market today has seen relatively flat transaction conditions. The Shanghai Futures Exchange tin warehouse receipts decreased by 18 tons today to 5038 tons, while LME tin inventories decreased by 15 tons to 8190 tons.

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