SHANGHAI, January 17 (SMM) –
SHFE 2402 tin contract rose to 213480 yuan/mt overnight and closed at 213890 yuan/mt, up 2.34%.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands were as below. Small brand tin ingots were offered at discounts of 0-300 yuan/mt against SHFE 2402 tin contract, versus premiums of 0-600 yuan/mt for delivery brands, premiums of 1000 yuan/mt for Yunxi brand, and discounts of 800-1200 yuan/mt for imported brand tin ingots. Tin prices rose slightly in early trading yesterday. Trading companies reported that downstream companies were less enthusiastic about purchasing. Most of them used recently replenished stocks for production.
SHFE 2402 tin contract rose to 213480 yuan/mt overnight and closed at 213890 yuan/mt, up 2.34%.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands were as below. Small brand tin ingots were offered at discounts of 0-300 yuan/mt against SHFE 2402 tin contract, versus premiums of 0-600 yuan/mt for delivery brands, premiums of 1000 yuan/mt for Yunxi brand, and discounts of 800-1200 yuan/mt for imported brand tin ingots. Tin prices rose slightly in early trading yesterday. Trading companies reported that downstream companies were less enthusiastic about purchasing. Most of them used recently replenished stocks for production.
