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Home / Metal News / SMM Tin Market Morning Comment (May 8)

SMM Tin Market Morning Comment (May 8)

May 8, 2024 09:53

Source:SMM

SHFE 2406 tin contract rose sharply and stabilized, closing at 263,270 yuan/mt, up 0.02%.

SHFE 2406 tin contract rose sharply and stabilized, closing at 263,270 yuan/mt, up 0.02%.
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 300-1,000 yuan/mt for SHFE 2406 tin contract, versus discounts of 800 yuan/mt to premium of 300 yuan/mt for delivery brands and premiums of 0-300 yuan/mt for Yunxi brand. In yesterday's early trading, SHFE 2405 tin contract moved downwards after opening higher. The overall prices rebounded. Downstream companies buying sentiment declined. Transactions were poor yesterday.

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