SHANGHAI, Aug 24 (SMM) –
Overnight, SHFE 2309 tin contract price moved sideways after the opening, and then began to rise again before falling slightly, and finally closed at 218,390 yuan/mt, down 0.26%.
Spot premiums and discounts changed little on August 23 morning. Small brand tin ingots were offered at premiums of 300 yuan/mt, delivery brands were offered at premiums of 100-600 yuan/mt, among which some enterprises with less inventory shipping at the premium of 700 yuan/mt. Yunxi brand was offered at premiums of 800-1,200 yuan/mt, and discounts of 400-700 yuan/mt for imported brands. The purchasing sentiment of downstream enterprises remained sluggish yesterday. Most traders reported no transactions or few shipments. Most upstream enterprises mainly quoted low prices for attracting orders, but downstream still didn’t show obvious purchasing intentions.
