SHANGHAI, Aug 28 (SMM) –
On last Friday’s night session, SHFE 2309 tin contract price rose slightly after the opening. Then it turned into a downward trend and rebounded slightly around the low price of 214,060 yuan/mt. The price finally closed at 214,470 yuan/mt, down 0.78%.
Spot premiums and discounts changed little on August 25 morning. Small brand tin ingots were offered at discounts of 200 yuan/mt to premiums of 100 yuan/mt, and premiums of 200-600 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 500 yuan/mt to 700 yuan/mt for imported brands. Last Friday, SHFE tin prices fell again, and some downstream enterprises conducted transactions based on rigid demand. Most traders reported that the shipment of tin ingots last Friday was average with small shipments or no transactions, while a few traders reported that the shipment situation improved. Overall, last Friday’s spot market recovered a little from last Thursday.
