SHANGHAI, Oct 18(SMM) – SHFE 2311 tin contract dropped slightly after the opening of yesterday night session. After reaching a relatively low of 215,630 yuan/mt, it gradually rebounded and finally closed at 218,300 yuan/mt, up 0.25%.
Spot premiums and discounts were basically unchanged from yesterday. Small brand tin ingots were offered at premiums of 0-500 yuan/mt, premiums of 400-700 yuan/mt for delivery brands, premiums of 900-1,200 yuan/mt for Yunxi brands, and discounts of 200-500 yuan/mt for imported tin brands. The overall tin price yesterday still maintained a high and fluctuating trend, but downstream companies were less willing to purchase. Most trading companies reported that most of the shipments were few yesterday. Only a few companies were able to ship around 20 mt. However, after tin prices rebounded in the past two days, smelting companies’ overall shipments increased compared with last week.
