SMM Tin Market Morning Comment (July 18)

Published: Jul 18, 2024 09:41

Source: SMM

Save

The closing price of the most-traded SHFE tin contract in the night session yesterday was 267,670 yuan/mt, down 5,340 yuan/mt, a decrease of 1.96%.

The closing price of the most-traded SHFE tin contract in the night session yesterday was 267,670 yuan/mt, down 5,340 yuan/mt, a decrease of 1.96%. The highest price was 275,050 yuan/mt, and the lowest was 266,880 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. During the morning session yesterday, SHFE tin prices remained high. Downstream companies mostly purchased as needed. Overall, the spot market remained sluggish yesterday.

Market forecast 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 for 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

Japanese media: Japan develops latest perovskite battery with durability 1.5 times that of Chinese enterprises

According to a Nikkei report on September 9, Japan's Toshiba and Shin-Etsu Chemical, in collaboration with Niigata University, have developed a next-generation perovskite PV cell with durability improved to 1.5 times that of previous products. It currently ranks at the world's highest level, and the partners aim to commercialize the product in the 2030s. The report said Japan will leverage durability to compete with Chinese enterprises that have already accumulated mass production technology in this field.

1 hour ago

3 hours ago

The most-traded SHFE tin contract consolidates, spot market trading limited [SMM tin midday review]

[SMM Tin Midday Review: The Most-Traded SHFE Tin Contract Consolidates, Spot Market Trading Limited]

3 hours ago

4 hours ago

[Report: Samsung Opens Advanced Chip Packaging R&D Center in Japan]

Media reported, citing Samsung Electronics, that Samsung Electronics has opened an advanced semiconductor packaging R&D facility in Yokohama, Japan. Samsung previously announced a plan to invest about 40 billion yen over the five years starting in 2024 to expand the laboratory's research hardware facilities and strengthen its advanced packaging technology capabilities. The advanced packaging laboratory will collaborate with Japanese enterprises, universities, and research institutions to develop next-generation packaging materials and processes. Samsung plans to grow the facility's research staff to more than 100 people by 2027.

4 hours ago