SMM Tin Market Morning Comment (Apr 26)

Published: Apr 26, 2024 09:53
Source: SMM
Overnight, SHFE 2405 tin contract moved downwards after opening higher, closing at 260,350 yuan/mt, up 2.09%.

Overnight, SHFE 2405 tin contract moved downwards after opening higher, closing at 260,350 yuan/mt, up 2.09%.
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 600-1,100 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 fluctuated downwards yesterday, and downstream companies restocked only as needed.

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SMM Tin Market Morning Comment (Apr 26) - Shanghai Metals Market (SMM)