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SMM Morning Comment For Tin Market On September 18

iconSep 18, 2023 09:53
Source:SMM
SHFE 2310 tin contract quickly fell to a low of around 217,380 yuan/mt after opening on the Friday night session, then rebounded and finally closed at 217,760 yuan/mt, down 0.43%.

SHANGHAI, Sep 18 (SMM) – SHFE 2310 tin contract quickly fell to a low of around 217,380 yuan/mt after opening on the Friday night session, then rebounded and finally closed at 217,760 yuan/mt, down 0.43%.

Spot premiums and discounts barely changed yesterday. Small brand tin ingots were offered at premiums of 300 yuan/mt, premiums of 200-500 yuan/mt for delivery brands, and premiums of 1,000-1,200 yuan/mt for Yunxi brand, and a discount of 300 yuan/mt for imported tin brands. Downstream enterprises stocked early last week when tin prices were lower, but made few purchases after tin prices rebounded in the second half of the week.

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