Home / Metal News / SMM Tin Market Morning Comment (Aug 1)

SMM Tin Market Morning Comment (Aug 1)

iconAug 1, 2024 09:24
Source:SMM
In the night session yesterday, the most-traded SHFE tin contract closed at 251,640 yuan/mt, up 7,670 yuan/mt, an increase of 3.14%.

In the night session yesterday, the most-traded SHFE tin contract closed at 251,640 yuan/mt, up 7,670 yuan/mt, an increase of 3.14%. The highest price was 252,700 yuan/mt, and the lowest was 248,510 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 400-1,500 yuan/mt for delivery brands and premiums of 700-1,100 yuan/mt for Yunxi brand. Tin prices continued to rise yesterday, and most downstream producers remained on the sidelines. Overall, the spot market transactions were relatively poor 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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

Related news

SMM Events & Webinars

All