SMM Morning Comment For Tin Market On November 14

SHFE 2312 tin contract rose to 216440 yuan/mt overnight and then fell back, closing at 213569 yuan/mt, down 0.04%.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands changed little. Small brand tin ingots were offered at discounts of 100 and premiums of 500 yuan/mt, versus premiums of 400-700 yuan/mt for delivery brands, premiums of 1000-1100 yuan/mt for Yunxi brand, and discounts of 500-600 yuan/mt imported brand tin ingots. Tin prices rose sharply yesterday, and the purchasing sentiment of downstream companies was relatively sluggish. Most of them took a wait-and-see attitude. The trading market transactions were relatively bleak. Some trading companies traded around 10 mt, and some trading companies shipped scattered goods. However, the spot market transactions picked up yesterday afternoon.