SMM Tin Market Morning Comment (Feb 6)

Published: Feb 6, 2024 10:03

Source: SMM

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SHFE 2403 tin contract fell to 207,470 yuan/mt overnight, down 2.31%.

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 0-500 yuan/mt against SHFE 2403 tin contract, versus discounts of 200 yuan/mt to premiums of 600 yuan/mt for delivery brands, premiums of 300-800 yuan/mt for Yunxi brand, and discounts of 500-1,000 yuan/mt for imported brand tin ingots. Yesterday, tin prices continued to fall. With CNY drawing near, downstream purchasing basically ended and traders also took CNY holidays.

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