SMM Tin Market Morning Comment (July 26)

Published: Jul 26, 2024 09:33

Source: SMM

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In the night trading session yesterday, the main SHFE tin contract closed at 246,730 yuan/mt, down 420 yuan/mt, a decrease of 0.17%.

In the night trading session yesterday, the main SHFE tin contract closed at 246,730 yuan/mt, down 420 yuan/mt, a decrease of 0.17%. The highest price was 247,480 yuan/mt, and the lowest was 242,020 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. SHFE tin prices continued to decline during the morning session yesterday, and downstream producers' demand for tin ingots was lower than the previous day. Overall, the spot market remained active yesterday.

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