SMM Tin Market Morning Comment (Jan 25)

Telah Terbit: Jan 25, 2024 10:00
Sumber: SMM
SHFE 2402 tin contract remained at highs before closing at 220,360 yuan/mt overnight, up 0.93%.

SHFE 2402 tin contract remained at highs before closing at 220,360 yuan/mt overnight, up 0.93%. 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 200-800 yuan/mt against SHFE 2402 tin contract, versus discounts of 300 yuan/mt to premiums of 600 yuan/mt for delivery brands, premiums of 300-1,000 yuan/mt for Yunxi brand, and discounts of 1000-1300 yuan/mt for imported brand tin ingots. Tin prices remained at highs yesterday, and traders reported that there were very few inquiries and purchasing.

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SMM Tin Market Morning Comment (Jan 25) - Shanghai Metals Market (SMM)