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Shanghai Metal Market: Tin price decline continues, market shipments continue.

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The current price trend still mainly shows volatility. Today, spot prices continue to fall. As the downstream consumer industries move into the off-season, overall order demand is being restrained. However, the spot trading sentiment remains fairly stable. According to feedback from merchants, tin prices have adjusted. In addition to some users purchasing for essential needs, market trading activity has improved somewhat, which may help boost the reduction of short-term inventories. But on the other hand, when it comes to short-term consumption strength, many people are taking a cautious view. Spot prices are steady in line with the market. It’s also heard that smaller producers are offering a premium of around 200-600 yuan/ton for July, Yunzi brands are offering a premium of around 600-900 yuan/ton for July, and Yunxi is offering a premium of around 900-1,200 yuan/ton for July. (SHMET)
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