Home / Metal News / SMM Tin Market Morning Comment (July 31)

SMM Tin Market Morning Comment (July 31)

iconJul 31, 2024 09:29
Source:SMM
In the night session yesterday, the most-traded SHFE tin futures contract closed at 244,360 yuan/mt, down by 70 yuan/mt, a decrease of 0.03%, with a high of 244,980 yuan/mt and a low of 237,830 yuan/mt.

In the night session yesterday, the most-traded SHFE tin futures contract closed at 244,360 yuan/mt, down by 70 yuan/mt, a decrease of 0.03%, with a high of 244,980 yuan/mt and a low of 237,830 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 500-1,500 yuan/mt over SHFE 2409 tin contract, versus premiums of 500-1,500 yuan/mt for delivery brands, and premiums of 700-1,100 yuan/mt for Yunxi brand. Tin prices fluctuated downward yesterday, with a slight rebound in the night session. Most downstream producers made small restocking purchases. Overall, the spot market remained active yesterday.

Market forecast
Market review

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news