SMM Morning Comment For Tin Market On November 22

SHANGHAI, November 22(SMM) –SHFE 2312 tin contract rose to 209180 yuan/mt overnight and closed at 208660 yuan/mt, down 0.07%.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands changed slightly. Small brand tin ingots were offered at premiums of 0-300 yuan/mt and discounts of 0-200 yuan/mt against 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 300-700 yuan/mt imported brand tin ingots. Yesterday, the tin price inched lower. The purchasing enthusiasm of downstream companies barely improved. The trading market transactions were relatively thin.