SHANGHAI, Apr 26 (SMM) - In the early trading yesterday, smelters lowered their quotes and offered quotations cautiously. According to some traders, the spread among various brands widened. Transactions were slack along with the dropping of futures prices. What's more, the short-term demand decreased as some downstream companies purchased on rigid demand to ensure production and some companies held a bearish outlook and purchased cautiously. In short, SHFE tin prices yesterday were weak, and some traders offered relatively high spot premiums. SMM expects that quotes of domestic mainstream brands may move between 334,000-337,000 yuan/mt.
Disclaimer:
The above representation and data is based on market information SMM believes to be reliable at the time of acquiring as well as the comprehensive assessment by SMM research team, and any and all information provided in this article is for reference only. This article does not constitute a direct recommendation for investment or any decisions in any form and clients shall act on their own discreet and any decisions made by clients are not within the responsibility of SMM.
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