SMM Tin Market Morning Comment (Jun 26)

Jun 26, 2024 09:47

Source:SMM

Last night, the most-traded SHFE tin contract closed at 267,300 yuan/mt, down 5,670 yuan/mt, a decrease of 2.08%.

Last night, the most-traded SHFE tin contract closed at 267,300 yuan/mt, down 5,670 yuan/mt, a decrease of 2.08%. The highest price was 272,460 yuan/mt, and the lowest was 267,090 yuan/mt.

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 0-100 yuan/mt over SHFE 2407 tin contract, versus premiums of 0-500 yuan/mt for delivery brands and premiums of 600-800 yuan/mt for Yunxi brand. Tin prices fluctuated wildly yesterday, and downstream companies were on the sidelines. Overall, the spot market remained sluggish yesterday.

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SMM Tin Market Morning Comment (Jun 26)

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