SMM Tin Market Morning Comment (July 22)

Published: Jul 22, 2024 09:36 (GMT+8)

Source: SMM

Save

Last Friday night, the most-traded SHFE tin contract closed at 260,500 yuan/mt, down 1,110 yuan/mt, a decrease of 0.42%.

Last Friday night, the most-traded SHFE tin contract closed at 260,500 yuan/mt, down 1,110 yuan/mt, a decrease of 0.42%. The highest price was 260,960 yuan/mt, and the lowest was 256,130 yuan/mt.

Last Friday, spot premiums and discounts in domestic spot market for various tin ingot brands were as below. Small brand tin ingots were offered at premiums of 0 yuan/mt over SHFE 2408 tin contract, versus discounts of 100 yuan/mt to premiums of 300 yuan/mt for delivery brands, and premiums of 400-600 yuan/mt for Yunxi brand. Last Friday morning, SHFE tin prices consolidated at low levels, and downstream procurement enthusiasm remained high, with some trader companies' inventories already cleared out. Overall, last Friday's spot market transactions remained active.

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

6 hours ago

Data: SHFE, DCE market movement (Sep 22)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 22 Sep , 2026

6 hours ago

11 hours ago

After bearish factors digested and macro guidance temporarily absent, the center of the most-traded SHFE tin contract returns to 410,000 [SMM Tin Midday Review]

[SMM Tin Midday Review: After Bearish Factors Were Digested and Macro Guidance Was Temporarily Absent, the Most-Traded SHFE Tin Contract's Center Returned to 410,000]

11 hours ago

12 hours ago

[Google targets the high-end laptop market, launching the Googlebook at $899]

Google has launched a new laptop product line called Googlebook, with a starting price of $899, marking the company's entry into the high-end laptop market, targeting users including Android phone users and programmers. The company hopes that through this product, its Gemini AI assistant will become a core part of the laptop user experience. The company is attempting to build a laptop ecosystem aimed at high-end Android phone users, similar to the collaborative experience between Apple's MacBook and iPhone, with the goal of establishing a more tightly integrated device ecosystem. The low-end price of the Googlebook is lower than the MacBook Air, which starts at $1,299, but Google stated that the product is not intended to replace Chromebooks, nor is it a general-purpose laptop for all users.

12 hours ago