SMM Tin Market Morning Comment (July 25)

Published: Jul 25, 2024 09:27

Source: SMM

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Yesterday, the night session of the most-traded SHFE tin contract closed at 249,520 yuan/mt, up 1,760 yuan/mt, with an increase of 0.71%.

Yesterday, the night session of the most-traded SHFE tin contract closed at 249,520 yuan/mt, up 1,760 yuan/mt, with an increase of 0.71%. The highest price was 254,000 yuan/mt, and the lowest was 248,600 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 premiums of 0-300 yuan/mt over SHFE 2408 tin contract, versus premiums of 500-1,000 yuan/mt for delivery brands and premiums of 1,000-1,200 yuan/mt for Yunxi brand. Yesterday morning, SHFE tin prices surged significantly during the night session, leading to a decrease in downstream procurement enthusiasm. Overall, the activity in the spot market decreased yesterday.

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