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Home / Metal News / SMM Tin Market Morning Comment (Apr 22)

SMM Tin Market Morning Comment (Apr 22)

Apr 22, 2024 09:43

Source:SMM

SHFE 2405 tin contract went up last Friday night, closing at 280,850 yuan/mt, up 5.64%.

SHFE 2405 tin contract went up last Friday night, closing at 280,850 yuan/mt, up 5.64%.
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 800-1,500 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 stayed at highs last Friday, and downstream companies were on the sidelines. Some downstream companies restocked only as needed. Few deals were heard among traders.

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