SMM Morning Comment For Tin Market On September 27

SHANGHAI, Sep 27 (SMM) – SHFE 2310 tin contract rose slightly after opening on yesterday’s night session and fell back to a relatively low of 221,070 yuan/mt, then maintained a sideways fluctuation and finally closed at 221,030 yuan/mt, up 0.12%.

Spot premiums and discounts barely changed yesterday. Small brand tin ingots were offered at a discount of 200 yuan/mt to a premium of 200 yuan/mt, premiums of 300-600 yuan/mt for delivery brands, premiums of 800-1,100 yuan/mt for Yunxi brands, and discounts of 500-600 yuan/mt for imported tin brands. Although tin prices fell slightly yesterday, the overall purchasing intention of downstream companies was even more sluggish than the day before due to their inventory replenishment in advance. Most reported that there were no transactions or few transactions, and only imported tin and small brands with large discounts were acceptable for shipment.