SHFE 2404 tin contract opened higher and then fell back to 218,880 yuan/mt, and rebounded slightly before closed at 219,460 yuan/mt overnight, up 0.45%.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands were as below. Small brand tin ingots were offered at discounts of 600-800 yuan/mt against SHFE 2404 tin contract, versus discounts of 500 yuan/mt to premiums of 400 yuan/mt for delivery brands, premiums of 500-700 yuan/mt for Yunxi brand, and discounts of 800-1,200 yuan/mt for imported brand tin ingots. Tin prices rose initially and then fell back in early trading yesterday, with most downstream companies taking a wait-and-see attitude.
SMM Tin Market Morning Comment (Mar 5)
SHFE 2404 tin contract opened higher and then fell back to 218,880 yuan/mt, and rebounded slightly before closed at 219,460 yuan/mt overnight, up 0.45%.
Déclaration sur la source des données : À l'exception des informations publiques, toutes les autres données sont traitées par SMM sur la base d'informations publiques, d'échanges avec le marché et en s'appuyant sur le modèle de base de données interne de SMM. Ils sont fournis à titre indicatif uniquement et ne constituent pas des recommandations décisionnelles.
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