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Shanghai Metal Market: Tin prices continue to decline, with little change in trading activity
Recently, macroeconomic uncertainties continue, significantly impacting the performance of bulk commodity markets with oscillating trends. The tin market has adjusted from high levels, and today’s prices are slightly adjusted compared to the previous session, generally maintaining stability. As current domestic supply has increased while demand on the trading side has not shown a clear improvement, buyers, aside from necessary stock replenishment, have weak trading intentions and are quite cautious, leading to a continued subdued market sentiment. The market remains flat, with rumors that small brands are offering a premium of around 500 to 1300 yuan/ton in May, the Yunzi brand around 1300 to 1900 yuan/ton, and Yunnan Tin around 1900 to 2500 yuan/ton. (SHMET)