SMM Tin Market Morning Comment (June 17)

Published: Jun 17, 2024 09:29

Source: SMM

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Last Friday night, the most-traded SHFE tin contract closed at 369,150 yuan/mt, down 2,240 yuan/mt, a decrease of 0.83%.

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 100 to premiums of 100 yuan/mt over SHFE 2407 tin contract, versus discounts of 200 yuan/mt to premiums of 400 yuan/mt for delivery brands and premiums of 400-800 yuan/mt for Yunxi brand. Tin prices moved rangebound last Friday. Downstream companies barely showed any purchasing interest. Overall, last Friday's spot market was relatively quiet.

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