SHANGHAI, Feb 28 (SMM) - SHFE 2304 tin contract fell last night and rose 0.3% to close at 210,400 yuan/mt.
The domestic tin inventory under warrants increased slightly. The spot discounts increased slightly while the imported goods were less cost-effective.
SHFE 2304 tin contract stopped falling and stabilised yesterday night, and rose 0.3% to close at 210,400 yuan/mt.
To sum up, tin prices fluctuated widely in the past two days, and downstream enterprises were sensitive towards the price change, reflecting that downstream demand was still fragile. The upstream smelters has already fully recovered, and downstream enterprises restocked to a certain extent. The overall demand in the spot market is still recovering, especially the electronics sector. It is still necessary to pay further attention to the recovery of the spot market.
