SHANGHAI, December 29 (SMM) –
SHFE 2402 tin contract moved sideways last night, and closed at 212490 yuan/mt, down 0.98%.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands did not change much. Small brand tin ingots were offered at discounts of 200-600 yuan/mt compared to SHFE 2402 tin contract, versus premiums of 200-800 yuan/mt for delivery brands, premiums of 900-1100 yuan/mt for Yunxi brand, and discounts of 500-2000 yuan/mt imported brand tin ingots. Tin prices fell slightly in early trading yesterday, with traders reporting that downstream companies purchased a small amount of goods for immediate needs.
SHFE 2402 tin contract moved sideways last night, and closed at 212490 yuan/mt, down 0.98%.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands did not change much. Small brand tin ingots were offered at discounts of 200-600 yuan/mt compared to SHFE 2402 tin contract, versus premiums of 200-800 yuan/mt for delivery brands, premiums of 900-1100 yuan/mt for Yunxi brand, and discounts of 500-2000 yuan/mt imported brand tin ingots. Tin prices fell slightly in early trading yesterday, with traders reporting that downstream companies purchased a small amount of goods for immediate needs.
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