SHANGHAI, Feb 10 (SMM) - SHFE tin fluctuated narrowly last night. The most-traded SHFE 2303 tin contract closed at 220,820 yuan/mt.
Domestic warrants remained stable from yesterday. The spot premiums were stable and the shipments improved slightly from yesterday. The import window remained open as the imported tin prices were in obvious discounts.
SHFE tin prices fluctuated narrowly after opening last night. The most-traded SHFE 2303 tin contract closed at 220,820 yuan/mt, with open interest increasing 5,019 lots. The open interest of SHFE 2304 and other forward-month contracts increased.
To sum up, SHFE tin prices fluctuated amid the long-short game. The spot market was stable amid the high downstream raw material inventory and the impact of imported tin.
