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Home / Metal News / SMM Tin Market Morning Comment (May 6)

SMM Tin Market Morning Comment (May 6)

May 6, 2024 10:00

Source:SMM

During the Labour Day holiday, the London Metal Exchange (LME) only had three trading days due to the weekend.

During the Labour Day holiday, the London Metal Exchange (LME) only had three trading days due to the weekend. LME tin prices rebounded from Wednesday to Friday, and may rise further due to the low inventory.
Last Tuesday, 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 300-1,000 yuan/mt for SHFE 2406 tin contract, versus discounts of 0-1,000 yuan/mt for delivery brands and discounts of 100-300 yuan/mt for Yunxi brand. Last Tuesday, most of the downstream companies' purchasing plans had been completed and their willingness to purchase was low ahead of Labour Day holiday. Transactions were moderate last Tuesday.

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