SHFE 2406 tin contract rose sharply, closing at 264,440 yuan/mt, up 1.85%.
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 1,000 yuan/mt for SHFE 2406 tin contract, versus discounts of 800 yuan/mt to premiums of 300 yuan/mt for delivery brands and premiums of 0-300 yuan/mt for Yunxi brand. Tin prices moved rangebound yesterday. The purchasing willingness of downstream enterprises were moderate. Transactions were active yesterday.
SMM Tin Market Morning Comment (May 7)
SHFE 2406 tin contract rose sharply, closing at 264,440 yuan/mt, up 1.85%.
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