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Shanghai Metal Market: Tin prices continue to adjust, with some support from growth

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In the domestic market, inventories have increased significantly in the recent period. Combined with macroeconomic bearish factors, the downward pressure on the price trend has intensified, and as some observers continue to hold back, actual procurement remains cautious. Today, the sell-off has expanded, and market trading has somewhat improved; merchants report that the ability to take orders has increased compared with before. Overall, however, as the consumer off-season is approaching, market trading activity is likely to gradually decline, and the supply-demand side will likely show a slight surplus. With following prices adjusted slightly upward, it is heard that small traders are quoting premiums of around 400 yuan/ton over the July flat price, the Yunzitou (cloud-character prefix) premium for July is around 400–700 yuan/ton, and Yünxi Tin (Yunxi) premium for July is roughly 700–1000 yuan/ton. (SHMET)
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