SMM Tin Market Morning Comment (Mar 18)

Mar 18, 2024 09:47

Source:SMM

SHFE 2404 tin contract rose to 229,770 yuan/mt last Friday night and closed at 228,270 yuan/mt, up 1.76%.

SHFE 2404 tin contract rose to 229,770 yuan/mt last Friday night and closed at 228,270 yuan/mt, up 1.76%.
Last Friday, 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 400-1,300 yuan/mt for SHFE 2404 tin contract, versus discounts of 600 yuan/mt to premiums of 300 yuan/mt for delivery brands, premiums of 200-700 yuan/mt for Yunxi brand, and discounts of 1,500 yuan/mt for imported brand tin ingots. Tin prices continued to rise last Friday, leaving downstream and terminal companies on the sidelines. Few deals were heard among traders.

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SMM Tin Market Morning Comment (Mar 18)

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