SMM Tin Market Morning Comment (May 27)

Published: May 27, 2024 09:42

Source: SMM

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Last Friday night, SHFE 2406 tin contract closed down 0.82%, at 271,110 yuan/mt.

During last Friday's morning session, 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 500-800 yuan/mt over SHFE 2406 tin contract, versus discounts of 300 yuan/mt to premiums of 300 yuan/mt for delivery brands and premiums of 300-600 yuan/mt for Yunxi brand. Tin prices surged and then fell back last Friday, and downstream companies traded only as needed. Overall, the spot market transactions were relatively sluggish last Friday.

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