SHFE tin prices fluctuated rangebound in the night session; the spot market remained sluggish [SMM Tin Morning Comment]

Publicado: Sep 10, 2024 09:54
Fuente: SMM
In the night session yesterday, the most-traded SHFE tin contract closed at 252,060 yuan/mt, up 1,310 yuan/mt, or 0.52%.

In the night session yesterday, the most-traded SHFE tin contract closed at 252,060 yuan/mt, up 1,310 yuan/mt, or 0.52%. The highest price was 252,890 yuan/mt, and the lowest was 250,800 yuan/mt.

During the early session yesterday, quotes from trading companies for various domestic tin ingot brands showed little change compared to recent days. Small brand tin ingots were quoted at premiums of 0-500 yuan/mt against the SHFE 2410 contract. Delivery brands were quoted at premiums of 200-700 yuan/mt against the SHFE 2410 contract. The Yunnan tin brand was quoted at premiums of 200-800 yuan/mt against the SHFE 2410 contract. Imported tin brands were quoted at discounts of 300-200 yuan/mt against the SHFE 2410 contract. Tin prices fluctuated narrowly yesterday. Most downstream companies had undertaken necessary restocking and partial inventory replenishment last week; thus, they mostly remained on the sidelines yesterday. Scattered transactions were reported by most trading companies, with a few concluding around one truckload. Overall, the spot market saw relatively mediocre trading yesterday.

Declaración de Fuente de Datos: Excepto la información disponible públicamente, todos los demás datos son procesados por SMM basándose en información pública, comunicación de mercado y confiando en el modelo de base de datos interna de SMM. Son solo para referencia y no constituyen recomendaciones para la toma de decisiones.

Para cualquier consulta o para obtener más información, por favor contacte: lemonzhao@smm.cn
Para más información sobre cómo acceder a nuestros informes de investigación, contacte con:service.en@smm.cn
SHFE tin prices fluctuated rangebound in the night session; the spot market remained sluggish [SMM Tin Morning Comment] - Shanghai Metals Market (SMM)