SMM Tin Brief: Shanghai Tin Prices Continue to Probe Lower, Spot Marke

Published: Feb 6, 2024 18:01

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SMM Tin Brief: Shanghai Tin Prices Continue to Probe Lower, Spot Market Transactions Pick Up Slightly. Tin prices remained volatile in early trading today, and the decline in tin prices in the night session yesterday has sparked some purchasing enthusiasm from downstream companies to buy tin ingots at this price level. Some trading companies have sporadic transactions of a few tons, while others have transactions of around 40-50 tons. Overall, the spot market today has seen a slight pick-up in transactions stimulated by the decline in tin prices. Today, the SHFE tin warehouse receipt increased by 71 tons to 8885 tons, while LME tin inventories decreased by 15 tons to 6280 tons...

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