SHANGHAI, Aug 29 (SMM) –
Overnight, SHFE 2309 tin contract price maintained a slight downward trend after the opening. Then it stabilized near the low price of 211,670 yuan/mt and went back down later. The price finally closed at 212,150 yuan/mt, down 1.16%.
Spot premiums and discounts changed little on August 28 morning. Small brand tin ingots were offered at discounts of 200 yuan/mt, and premiums of 200-500 yuan/mt for delivery brands, among which some enterprises with less inventory shipping at the premium of 700 yuan/mt, premiums of 800-1,300 yuan/mt for Yunxi brand, and discounts of 300 yuan/mt for imported brands. Transactions were thin and mostly driven by rigid demand yesterday morning, but improved greatly after SHFE tin prices fell back in the afternoon.


