SMM Morning Comment For Tin Market On December 15

SHFE 2401 tin contract fell to 210980 yuan/mt overnight and closed at 211120 yuan/mt, up 1.37%.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands were as below. Small brand tin ingots were offered at premiums of 0-400 yuan/mt over SHFE 2401 tin contract, versus premiums of 200-800 yuan/mt for delivery brands, premiums of 800-1100 yuan/mt for Yunxi brand, and discounts of 200-1000 yuan/mt imported brand tin ingots. Tin prices opened high and then moved lower yesterday. Traders reported that downstream companies' willingness to inquire and place orders was sluggish as they relied on stocks on hand to produce.