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.
SMM Tin Market Morning Comment (Apr 15)
SHFE 2405 tin contract moved downwards after opening higher last Friday night, closing at 254,770 yuan/mt, up 2.35%.
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