SMM Morning Comment For Tin Market On November 21

Published: Nov 21, 2023 09:51

Source: SMM

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SHFE 2312 tin contract fell to 207580 yuan/mt overnight and closed at 209070 yuan/mt, down 0.5%.

SHANGHAI, November 21(SMM) –SHFE 2312 tin contract fell to 207580 yuan/mt overnight and closed at 209070 yuan/mt, down 0.5%.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands changed little. Small brand tin ingots were offered at premiums of 0-300 yuan/mt over SHFE 2312 tin contract, versus premiums of 400-700 yuan/mt for delivery brands, premiums of 900-1100 yuan/mt for Yunxi brand, and discounts of 300-500 yuan/mt imported brand tin ingots. Yesterday, the tin price generally maintained sideways fluctuations. The purchasing enthusiasm of downstream companies has rebounded. The trading market transactions were relatively brisk.

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