Market risk appetite has increased, driving the market upward. Currently, tin traders are more willing to hold firm, with reduced shipments and a continued dull market; recent downstream activity remains cautious and watchful. As sellers hold their prices and are reluctant to sell, the market is unlikely to improve in the near future. Additionally, with the holiday approaching, some end-user companies may take early leave. Following the market, small traders are offering a March premium of around 500 to 1,000 yuan/ton, while Yunzhitou is offering a March premium of about 1,000 to 1,400 yuan/ton, and Yunxi is offering a March premium of approximately 1,400 to 1,800 yuan/ton. (Shanghai Metal Market)
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Shanghai Metal Market: Tin Prices Rebound, Market Trading Remains Calm
Market risk appetite has increased, driving the market upward. Currently, tin traders are more willing to hold firm, with reduced shipments and a continued dull market; recent downstream activity remains cautious and watchful. As sellers hold their prices and are reluctant to sell, the market is unlikely to improve in the near future. Additionally, with the holiday approaching, some end-user companies may take early leave. Following the market, small traders are offering a March premium of around 500 to 1,000 yuan/ton, while Yunzhitou is offering a March premium of about 1,000 to 1,400 yuan/ton, and Yunxi is offering a March premium of approximately 1,400 to 1,800 yuan/ton. (Shanghai Metal Market)