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SMM Tin Market Morning Comment (Apr 19)

iconApr 19, 2024 09:49
Source:SMM
SHFE 2405 tin contract went up, closing at 266,670 yuan/mt, up 3.36%.

SHFE 2405 tin contract went up, closing at 266,670 yuan/mt, up 3.36%.
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 800-1,500 yuan/mt for SHFE 2405 tin contract, versus discounts of 0-1,000 yuan/mt for delivery brands and premiums of 200-400 yuan/mt for Yunxi brand. SHFE 2405 tin contract went up, and downstream companies were on the sidelines. Some downstream companies restocked only as needed. Few deals were heard among traders.

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