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SHFE Tin Prices Drop Back Slightly, Spot Market Transactions Remain Mediocre [SMM Tin Morning News]
Jan 10, 2025, at 9:05 am
SHFE Tin Prices Drop Back Slightly, Spot Market Transactions Remain Mediocre [SMM Tin Morning Brief]
During yesterday's night session, SHFE tin prices dropped back slightly, retreating to the level of 250,000 yuan/mt. Overall, spot market prices fluctuated widely, following the movement of SHFE tin prices. Premiums and discounts for various brands saw a slight rebound. Spot market transactions remained relatively mediocre yesterday, with most traders only engaging in scattered deals, while a few traders completed transactions for 1-2 truckloads. Most traders are not considering restocking before the holiday and plan to enter the holiday period after clearing their current inventory. At present, downstream enterprises are mostly adopting a wait-and-see approach and show little enthusiasm for this week's prices........
SMM Tin Morning Brief on January 10, 2025:
During yesterday's night session, SHFE tin pulled back slightly, retreating to 250,000 yuan/mt. Overall, spot market prices fluctuated widely, following SHFE tin prices. Premiums and discounts for various brands warmed up slightly. Spot market transactions remained mediocre yesterday, with most traders engaging in scattered deals, while a few traders completed transactions for 1-2 truckloads. Most traders are not considering restocking before the holiday and plan to enter the holiday period once their current inventory is cleared. Downstream enterprises are mostly adopting a wait-and-see approach and are not enthusiastic about this week's prices. They plan to conduct partial restocking next week, awaiting a better restocking opportunity, which may lead to a final small procurement peak before the holiday.
