Shanghai Tin Prices Open and Close High, Dampening Downstream Buying Enthusiasm

Published: Sep 24, 2024 09:00
Evening session sees Shanghai tin prices open and close high, dampening downstream enterprises' enthusiasm for purchasing [SMM Tin Morning News] Tin prices surged slightly in the morning yesterday and then retreated, prompting some downstream and end-user enterprises to make small purchases after the price fell. Most trading enterprises recorded sporadic transactions, while a few traded about one truckload. In general, trading in the spot market was relatively subdued yesterday...

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
The marginal impact of the current US dollar rate hikes is weakening, and tin prices rebounded narrowly around the center this morning [SMM Tin Midday Review]
2 hours ago
The marginal impact of the current US dollar rate hikes is weakening, and tin prices rebounded narrowly around the center this morning [SMM Tin Midday Review]
Read More
The marginal impact of the current US dollar rate hikes is weakening, and tin prices rebounded narrowly around the center this morning [SMM Tin Midday Review]
The marginal impact of the current US dollar rate hikes is weakening, and tin prices rebounded narrowly around the center this morning [SMM Tin Midday Review]
[SMM Tin Midday Review: The Marginal Impact of US Dollar Rate Hikes Has Weakened, Tin Price Center Rebounded Narrowly This Morning]
2 hours ago
[SMM Tin Flash: In August, tin ingot trading volume on Indonesia's two major exchanges totaled 3,610 mt]
2 hours ago
[SMM Tin Flash: In August, tin ingot trading volume on Indonesia's two major exchanges totaled 3,610 mt]
Read More
[SMM Tin Flash: In August, tin ingot trading volume on Indonesia's two major exchanges totaled 3,610 mt]
[SMM Tin Flash: In August, tin ingot trading volume on Indonesia's two major exchanges totaled 3,610 mt]
In August 2026, tin ingot trading volume on Indonesia's JFX and ICDX exchanges totalled 3,610 mt, up 3.00% MoM and up 30.09% YoY. In January-August 2026, cumulative trading volume on the two exchanges reached 25,830 mt, down 18.17% YoY.
2 hours ago
[SMM Tin Flash: Xingye Silver&Tin: Announcement on the progress of the safety incident at its subsidiary and the resumption of production of the beneficiation and tailings system]
4 hours ago
[SMM Tin Flash: Xingye Silver&Tin: Announcement on the progress of the safety incident at its subsidiary and the resumption of production of the beneficiation and tailings system]
Read More
[SMM Tin Flash: Xingye Silver&Tin: Announcement on the progress of the safety incident at its subsidiary and the resumption of production of the beneficiation and tailings system]
[SMM Tin Flash: Xingye Silver&Tin: Announcement on the progress of the safety incident at its subsidiary and the resumption of production of the beneficiation and tailings system]
I. Specifics of the Accident At approximately 15:30 on July 26, 2026, an accident occurred during production and construction at the mine of Xiwuzhumuqin Banner Yinman Mining Co., Ltd. (hereinafter referred to as "Yinman Mining"), a wholly-owned subsidiary of Inner Mongolia Xingye Silver&Tin Mining Co., Ltd. (hereinafter referred to as the "Company"), between 19-1 and 25-1 of the west main haulage on the 750 sublevel in Zone III underground, resulting in one fatality and no injuries. After the accident, Yinman Mining received the On-site Handling Measures Decision and the On-site Handling Measures Decision issued by the Xiwuzhumuqin Banner Emergency Management Bureau (hereinafter referred to as the "Xiwu Banner Emergency Bureau"). As required by the Xiwu Banner Emergency Bureau, the mining area and the beneficiation tailings system of Yinman Mining were successively suspended. II. Progress After the accident, Yinman Mining carried out comprehensive and in-depth safety production self-inspections, and strictly implemented accident prevention and various rectification measures. Recently, Yinman Mining received the Notice on Approving the Resumption of Production of the Beneficiation Tailings System of Xiwuzhumuqin Banner Yinman Mining Co., Ltd. issued by the Xiwu Banner Emergency Bureau, approving the resumption of production of the beneficiation tailings system of Yinman Mining. The beneficiation plant of Yinman Mining will resume production on September 3, 2026. At present, the mining area of Yinman Mining is making every effort to advance various rectification work, striving to achieve the resumption of production in the mining area as soon as possible. The Company will fulfill its information disclosure obligations in a timely manner in accordance with relevant regulations based on subsequent progress, and investors are advised to pay attention to investment risks.
4 hours ago