SHANGHAI, Oct 19(SMM) – SHFE 2311 tin contract soared after the opening of yesterday night session. After reaching a high of 219,350 yuan/mt, it gradually fell back and finally closed at 218,830 yuan/mt.
Spot premiums and discounts were basically unchanged from yesterday. Small brand tin ingots were offered at premiums of 0-300 yuan/mt, premiums of 400-700 yuan/mt for delivery brands, premiums of 900-1,200 yuan/mt for Yunxi brands, and discounts of 300-500 yuan/mt for imported tin brands. The overall tin price yesterday maintained sideways at a high level, but downstream companies were less willing to purchase. Most trading companies reported that most of the shipments were few yesterday. The transaction volume was relatively flat.


