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SMM Tin Market Morning Comment (May 17)

iconMay 17, 2024 09:46
Source:SMM
SHFE 2406 tin contract rose slightly, closing at 275,780 yuan/mt, up 0.58%.

SHFE 2406 tin contract rose slightly, closing at 275,780 yuan/mt, up 0.58%.
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 500-1,000 yuan/mt for SHFE 2406 tin contract, versus discounts of 600 yuan/mt to premiums of 300 yuan/mt for delivery brands and premiums of 200-500 yuan/mt for Yunxi brand. Tin prices pulled back after an initial rise. Inquiries from downstream market were moderate.

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