Shanghai Metal Market: Tin prices continue to rise, market conditions show no significant change

As prices have rebounded recently, market wait-and-see sentiment has increased somewhat. Downstream buyers largely purchase on demand, and actual stockpiling sentiment is generally average, while the selling pressure on traders has increased. On the other hand, as the level of supply tightness in the later period gradually eases, while incremental growth in domestic consumption is limited, the price trend and inventories may show new changes. In response to tracking the downward move, smaller brands for April lowered to a premium of about 500-1,300 yuan per ton; the “Yun” prefix brands for April are around a 1,300-1,900 yuan per ton premium; and Yunnan Tin for April is around a 1,900-2,500 yuan per ton premium. (SHMET)

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