SMM Morning Comment For Tin Market On January 12

Telah Terbit: Jan 12, 2024 09:48
Sumber: SMM
SHFE 2402 tin contract rose slightly overnight and closed at 206270 yuan/mt, up 0.14%.

SHANGHAI, January 12 (SMM) –
SHFE 2402 tin contract rose slightly overnight and closed at 206270 yuan/mt, up 0.14%.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands did not change much. Small brand tin ingots were offered at discounts of 0-500 and premiums of 0-300 yuan/mt over SHFE 2402 tin contract, versus premiums of 0-800 yuan/mt for delivery brands, premiums of 1000 yuan/mt for Yunxi brand, and discounts of 1000-1100 yuan/mt for imported brand tin ingots. The overall tin price maintained an upward trend in early trading yesterday. Trading companies reported that most downstream companies had a wait-and-see attitude, with fewer inquiries.

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SMM Morning Comment For Tin Market On January 12 - Shanghai Metals Market (SMM)