SMM Morning Comment For Tin Market On October 31

SHANGHAI, October 31(SMM) –SHFE 2312 tin contract fell to 214670 yuan/mt overnight and closed at 213600 yuan/mt, down 0.51%.
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 0-300 yuan/mt, versus premiums of 300-700 yuan/mt for delivery brands, premiums of 900 yuan/mt for Yunxi brand, and discounts of 600 yuan/mt for imported brand tin ingots. Tin prices continued to rise yesterday, and the sentiment of downstream companies in purchasing goods was still sluggish. The spot market transactions were still bleak.