SHFE Tin Prices Fluctuated at High Levels, Inhibiting Downstream Producers' Purchasing Enthusiasm [SMM Tin Midday Review]

Published: Jul 4, 2024 15:54

Source: SMM

Save

Futures Market: This morning, the SHFE 2408 tin contract price fluctuated at high levels, closing at 276,070 yuan/mt at midday, up 0.94%.

Spot Market: During the morning session, traders' quotes for various domestic tin brands showed little change compared to recent days. Small brand tin was quoted at a discount of 400-500 yuan/mt against the 2408 contract, delivery brand was quoted at a discount of 0-500 yuan/mt against the 2408 contract, and Yunxi brand was quoted at a premium of 200-400 yuan/mt over the 2408 contract. There were no quotes for imported tin brands. This morning, as SHFE tin prices fluctuated at high levels, most downstream producers showed no willingness to purchase, and a few placed low-price orders. Most traders saw sporadic transactions in the morning. Overall, the spot market was relatively quiet today.

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

[Midday SMM Tin Commentary] Tin Prices Narrowly Recovered After a Sharp Drop, and Spot Transaction Activity Pulled Back Slightly

[SMM Tin Midday Commentary: Tin Prices Narrowly Recovered After a Sharp Drop, and Spot Trading Activity Pulled Back Slightly]

1 hour ago

2 hours ago

[SMM Tin Flash News: Korean Media: Samsung Electronics to Supply HBM4 Chips to OpenAI]

South Korea's Economic Daily reported on Thursday that Samsung Electronics is expected to supply OpenAI with its next-generation high-bandwidth memory (HBM4) chips for the latter's first in-house artificial intelligence processor. Last year, Samsung signed a memorandum of understanding, committing to supply memory chips for OpenAI's data centers to meet the growing demand of its "Stargate" project.

2 hours ago

[SMM Tin Bulletin: Institution: TSMC and Samsung Have Raised Prices for Wafer Toll Processing of Their Main 5/4nm Manufacturing Processes]

TrendForce stated that the two major wafer foundries, TSMC and Samsung Electronics, had increased prices for the most-traded advanced 5/4nm processes used for AI chips. At TSMC, capacity at the 5/4nm, 3nm, and 2nm periods will remain fully utilized, and toll processing prices for these processes have been increased across the board; meanwhile, order volumes for Samsung Foundry's 5/4nm processes also increased significantly, prompting it to issue price hike notices to clients in Q4 2025.

2 hours ago