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Shanghai Metal Market: Tin prices fluctuate and decline, market performance is average
Raw material supply is tight or likely to remain so. Some people expect that in the short term there will be certain production pressure, while the price trend shows only mild fluctuations, which also leads some to maintain a cautious view. As the overall trading range of recent price fluctuations has been lifted, it is not favorable for further growth in spot transaction volumes; therefore, some end users are not buying actively, and sellers’ shipment pressure is set to continue. Following tracking with a slight increase, small brand contracts for May were up about 1,200 to 1,800 yuan per ton of premium, the YUN-character group for May was about 1,800 to 2,300 yuan per ton of premium, and YUNXI for May was around 2,300 to 2,800 yuan per ton of premium. (SHMET)