SHANGHAI, May 11 (SMM) - SHFE 2306 tin contract prices fluctuated sharply and closed at 207,890 yuan/mt after hitting the lowest point at 204,720 yuan/mt, up 0.31%.
In the spot market, small brands still sold at discounts of 1000 yuan/mt over the SHFE 2306 contract. The market transactions increased last night due to the decline in SHFE tin prices in the early stage. But the price rebound yesterday weighed on the downstream demand. Overall, the drop in SHFE tin prices stimulated downstream demand and the market transactions improved slightly.
