SMM Morning Comment For Tin Market On January 8

SHANGHAI, January 8 (SMM) –
SHFE 2402 tin contract rose to 207430 yuan/mt at last Friday’s night session and then fell back, closing at 206310 yuan/mt, down 1.27%. During the early trading last Friday, spot premiums and discounts in domestic spot market for various domestic tin ingot brands were as below. Small brand tin ingots were offered at discounts of 400-1000 yuan/mt compared to SHFE 2402 tin contract, versus premiums of 0-700 yuan/mt for delivery brands, premiums of 900-1100 yuan/mt for Yunxi brand, and discounts of 900-1300 yuan/mt for imported brand tin ingots. Tin prices continued to fall last Friday, and trading companies reported an increase in procurement enthusiasm from downstream companies. Generally speaking, the spot market transactions last Friday were relatively active.