SHANGHAI, November 7(SMM) –SHFE 2312 tin contract fell to 207530 yuan/mt overnight and then bounced back a little to 209550 yuan/mt, closing at 209400 yuan/mt, up 0.87%.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands changed little. Small brand tin ingots were offered at premiums of 300-600 yuan/mt over SHFE 2312 tin contract, versus premiums of 500-900 yuan/mt for delivery brands, premiums of 1000-1200 yuan/mt for Yunxi brand, and discounts of 300-600 yuan/mt for imported brand tin ingots. Tin prices began to rise slightly yesterday, and the willingness of downstream companies to purchase was still relatively high.


