SHFE tin prices fluctuated sideways as downstream enterprises maintained rigid demand [SMM Tin Midday Review]

Published: May 23, 2024 13:35

Source: SMM

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Futures market: In the morning, the SHFE tin 2406 contract prices fluctuated sideways, closing at 273,840 yuan/mt, down 1.80%.

Spot market: In the morning, the quotes from traders for various domestic tin brands showed little change compared to recent days. Small brand tin was quoted at a discount of 500-800 yuan/mt, delivery brands were quoted at a discount of 300 yuan/mt to a premium of 300 yuan/mt against the SHFE tin 2406 contract, and Yunxi brand was quoted at a premium of 300-600 yuan/mt against the SHFE tin 2406 contract. There were no quotes for imported tin brands. SHFE tin prices fluctuated sideways as downstream enterprises maintained rigid demand. Most trading companies had scattered transactions, with a few traders transacting 10-20 mt. Overall, the spot market transactions were relatively quiet today.

Market review

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