SMM Tin Market Morning Comment (Apr 29)

Published: Apr 29, 2024 09:43
Source: SMM
SHFE 2406 tin contract fell slightly last Friday night, closing at 258,020 yuan/mt, down 1.4%.

SHFE 2406 tin contract fell slightly last Friday night, closing at 258,020 yuan/mt, down 1.4%.
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 600-1,100 yuan/mt for SHFE 2406 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 rebounded last Friday, and downstream companies restocked only as needed. Transactions cooled down last Friday.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn