Shanghai Metal Market: Tin prices surge then retreat, spot consumption fails to keep up

As macro risks still remain, short-term supply is expected to loosen. The price trend continues to move upward but faces resistance. At present, the spot trading atmosphere remains generally lukewarm: traders maintain normal shipments, downstream buyers are making steady just-need purchases, and some participants continue to hold cautious short-term sentiments; terminal consumption still needs further follow-up. After the book price was adjusted downward, reports say that small brands’ May premiums are around 500–1,300 yuan/ton, Yunzi-type premiums for May are around 1,300–1,900 yuan/ton, and Yunnan Tin’s (Yunxi) May premiums are around 1,900–2,500 yuan/ton. (SHMET)

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