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SMM Tin Market Morning Comment (Apr 15)

iconApr 15, 2024 09:57
Source:SMM
SHFE 2405 tin contract moved downwards after opening higher last Friday night, closing at 254,770 yuan/mt, up 2.35%.

SHFE 2405 tin contract moved downwards after opening higher last Friday night, closing at 254,770 yuan/mt, up 2.35%.
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 800-2,000 yuan/mt for SHFE 2405 tin contract, versus discounts of 0-800 yuan/mt for delivery brands and premiums of 200-300 yuan/mt for Yunxi brand. Tin prices remained at a high level, some downstream enterprises restocked only as needed. Few deals were heard among traders.

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