SMM Morning Comment For Tin Market On September 26

SHANGHAI, Sep 26 (SMM) – SHFE 2310 tin contract fell sharply after opening on the Monday night session to a relatively low of 219,040 yuan/mt and rebounded slightly, then finally closed at 220,360 yuan/mt, down 1.39%.

Spot premiums and discounts barely changed yesterday. Small brand tin ingots were offered at premiums of 0-100 yuan/mt, premiums of 300-600 yuan/mt for delivery brands, premiums of 800-1,100 yuan/mt for Yunxi brands, and discounts of 300-600 yuan/mt for imported tin brands. Downstream enterprises stocked up for upcoming holiday, even as tin prices rose again yesterday. Traders reported that the shipment yesterday morning was average.