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Shanghai Metal Market: Tin prices continue to decline, end users buy on dips
The weak market trend in the tin market continues, with spot prices further declining. Some buyers are purchasing on dips, while traders maintain their selling stance, but the overall outlook remains cautious. Short-term consumption still needs improvement, and due to significant market fluctuations, some participants in the tin market are choosing to wait and see. Prices are slightly moving upward in line with the market, with small brands offering a premium of about 2200-2600 yuan/ton for April delivery, the “Yunzi” head offering a premium of around 2600-2900 yuan/ton for April, and “Yinxi” offering a premium of approximately 2900-3200 yuan/ton for April. (SHMET)