Published: Feb 18, 2024 10:26
SMM analysis: The strong performance of the tin market during the Spring Festival holiday and the new policy implemented by the Wa state in Myanmar to impose a unified physical tax on tin concentrate exports may likely drive the Shanghai tin market to open high. However, from the perspective of spot goods, the continued accumulation of inventory may pose a certain degree of resistance to the rise in tin prices. Therefore, overall, while Shanghai tin prices may show an upward trend, the increase may be limited due to the high level of inventory.

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SMM analysis: The strong performance of the tin market during the Spri - Shanghai Metals Market (SMM)