Price Fall Fuels Wait-and-See Sentiment in Shanghai Spot Tin Market, SMM Reports

SHANGHAI, Sept. 22 (SMM) – A wait-and-see attitude grew among downstream buyers in Shanghai spot tin market today after prices fell, SMM reported.

Spot tin prices fell as SHFE tin tumbled overnight, down to 141,500-143,000 yuan per tonne this morning.

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Prices for hedged Yunxi tin were 1200-1500 yuan per tonne below SHFE 3-month tin, trading at 142,500-142,800 yuan per tonne.

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Regular tin from Yunnan Tin Group traded at 142,000-142,500 yuan per tonne, with 141,500 yuan per tonne for small brand tin.

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