SMM Morning Comment For Aluminium Market On November 15

SHFE 2312 tin contract fell to 212290 yuan/mt overnight and then rose to 214640 yuan/mt, and closed at 214240 yuan/mt, up 0.17%.
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 premiums of 0-500 yuan/mt, versus premiums of 400-700 yuan/mt for delivery brands, premiums of 1000-1100 yuan/mt for Yunxi brand, and discounts of 100-600 yuan/mt imported brand tin ingots. Tin prices fluctuated sideways yesterday, and downstream companies still had a strong wait-and-see attitude and no strong willingness to purchase. There were few transactions in the trading market. Generally speaking, the spot market transactions yesterday were relatively thin.