SHFE tin prices fluctuated upward; spot market was mediocre [SMM Tin Midday Review]

Publicado: Sep 12, 2024 14:34
Fuente: SMM
Futures market: This morning, SHFE tin 2410 contract fluctuated upward, closing at 254,100 yuan/mt by midday, up 1.09%.

Futures market: This morning, SHFE tin 2410 contract fluctuated upward, closing at 254,100 yuan/mt by midday, up 1.09%.

Spot market: This morning, trade companies' quotations for domestic tin brands varied slightly compared to recent days. Among them, small brand tin was quoted at premiums of 0-500 yuan/mt against SHFE tin 2410 contract, delivery brand at premiums of 200-700 yuan/mt against SHFE tin 2410 contract, Yunnan Tin at premiums of 200-800 yuan/mt against SHFE tin 2410 contract, and imported tin brand at discounts of 300-200 yuan/mt against SHFE tin 2410 contract. The rise in tin prices this morning suppressed the purchasing enthusiasm of most downstream enterprises. Most trade companies had sporadic transactions. Overall, the spot market transactions this morning were rather muted.

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.

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