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Shanghai Metal Market: Tin Prices Adjusted, Market Conditions Unchanged
The quote is temporarily stable. Currently, tin market demand is improving slowly; high prices are unfavorable for taking delivery in the spot market. Overall market activity still needs to be further boosted, and some market participants keep a wait-and-see attitude. However, prices have edged lower recently, which has eased sales pressure for traders. In addition, due to the continued tightness in short-term raw material supply, there is support below the price. There is no movement in today’s tracking; small brands have a May premium of about 500 to 1,300 yuan/ton, the “Yunzi” prefix is about a 1,300 to 1,900 yuan/ton May premium, and Yuntin is about a 1,900 to 2,500 yuan/ton May premium. (SHMET)