SHFE tin prices fluctuated rangebound during the night session. Recent spot market transactions were active [SMM Tin Morning Brief]

Published: Sep 27, 2024 09:49

Source: SMM

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SMM, September 27: In the night session yesterday, the most-traded SHFE tin contract closed at 257,510 yuan/mt, up 1,400 yuan/mt, an increase of 0.55%, with a high of 260,350 yuan/mt and a low of 256,320 yuan/mt. During the morning session yesterday, trading companies' quotes for domestic tin ingot brands showed little change compared to recent days. Small brand tin ingots were quoted at premiums of 0-500 yuan/mt against SHFE 2410 contract, delivery brand prices were 200-700 yuan/mt against SHFE 2410 contract, Yunnan Tin brand was quoted at 600-800 yuan/mt against SHFE 2410 contract, and imported tin brands' spot prices were 600-200 yuan/mt against SHFE 2410 contract. Tin prices fluctuated at low levels during the morning session yesterday, with some downstream and end-user companies actively restocking. Some trading companies transacted 20-30 mt, while others transacted 2-3 trucks. Overall, the spot market remained active yesterday.

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