SHFE Tin Prices Fluctuated Limitedly, Spot Transactions Thinned

SHANGHAI, Dec 3 (SMM) - SHFE tin 2210 contract stabilised this morning. The upstream smelters weakly held prices firm. The sources of goods were slightly higher than the previous period.

The overall shipments thinned today as the products have no price advantage after smelters’ quotations have been lowered. Premiums might have declined when selling cargoes. The spot transaction prices were unchanged from yesterday. Downstream producers restocked on rigid demand. Some producers held a wait-and-see outlook. There are fixed-price quotations, and premium and discount quotations in the market. The premium quotations have not changed much from yesterday, and the price spread among brands has narrowed. Premiums of Yunxi stood at 11,000-11,500 yuan/mt, Yunzi at 9,500-10,500 yuan/mt and other brands at 9,000-9,500 yuan/mt.