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Home / Metal News / SMM Tin Market Morning Comment (Apr 24)

SMM Tin Market Morning Comment (Apr 24)

Apr 24, 2024 09:53

Source:SMM

SHFE 2405 tin contract rebounded slightly after opening lower and traded around 252,000 yuan/mt, closing at 252,890 yuan/mt, down 4.71%.

SHFE 2405 tin contract rebounded slightly after opening lower and traded around 252,000 yuan/mt, closing at 252,890 yuan/mt, down 4.71%.
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 600-1,200 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. Tin prices declined sharply yesterday. The purchasing willingness of downstream enterprises increased, and they restocked aggressively.

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