SHFE Tin Prices Rise with Warrant Inventory Falling Further

SHANGHAI, Mar 21 (SMM) - SHFE 2304 tin contract rose last night and close at 186,810 yuan/mt, up 1.01%.

On the fundamentals, the warrants inventory continued to fall and the spot market turned cold amid rising tin prices. In the spot market, the discounts of small brands remained stable. The supply of imported tin was sufficient.

SHFE 2304 tin contract rose and close at 186,810 yuan/mt, up 1.01%.

To sum up, the current tin prices were still suppressed by the weak demand from downstream enterprises. Downstream processing companies cannot actually digest inventory by stocking up at low prices, and they still need to pay close attention to the progress of consumer confidence restoration.