SMM Tin Market Morning Comment (July 17)

Published: Jul 17, 2024 09:31

Source: SMM

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In the night session yesterday, the most-traded SHFE tin contract closed at 273,040 yuan/mt, down 110 yuan/mt, a decrease of 0.04%, with a high of 274,180 yuan/mt and a low of 270,860 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 200-700 yuan/mt over SHFE 2408 tin contract, versus discounts of 400 yuan/mt to premiums of 500 yuan/mt for delivery brands, and premiums of 400-700 yuan/mt for Yunxi brand. SHFE tin prices moved rangebound during the morning session, with downstream producers still holding a cautious sentiment. Overall, the spot market transactions remained weak yesterday.

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