SMM Morning Comment For Aluminium Market On October 24

Published: Oct 24, 2023 10:14

Source: SMM

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SHFE 2311 tin contract rose to 214750 yuan/mt overnight and closed at 213670 yuan/mt, down 0.55%.

SHANGHAI, October 24(SMM) –SHFE 2311 tin contract rose to 214750 yuan/mt overnight and closed at 213670 yuan/mt, down 0.55%. Yesterday, spot premiums and discounts in domestic spot market for various domestic tin ingot brands changed little. Small brand tin ingots were offered at premiums of 100-300 yuan/mt, versus premiums of 400-700 yuan/mt for delivery brands, premiums of 1000-1,200 yuan/mt for Yunxi brand, and discounts of 500-600 yuan/mt for imported brand tin ingots. Downstream buying interest picked up a little after tin prices fell, but overall trades remained thin.

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