During the night session, SHFE tin prices fluctuated at low levels. Yesterday, the spot market was relatively active [SMM Tin Morning Comment Oct 10]

Published: Oct 10, 2024 09:39
Source: SMM
SMM, October 10: Yesterday, the most-traded SHFE tin contract closed at 264,520 yuan/mt, down 1,060 yuan/mt, a decrease of 0.40%, with a high of 264,900 yuan/mt and a low of 262,230 yuan/mt.

SMM, October 10: Yesterday, the most-traded SHFE tin contract closed at 264,520 yuan/mt, down 1,060 yuan/mt, a decrease of 0.40%, with a high of 264,900 yuan/mt and a low of 262,230 yuan/mt. During the morning session, trading companies quoted domestic tin ingot brands with little change in premiums compared to recent days. Small brand tin ingots were quoted at premiums of 0-500 yuan/mt against the SHFE 2411 contract, delivery brand prices at premiums of 200-700 yuan/mt against the SHFE 2411 contract, Yunnan Tin brand at premiums of 600-900 yuan/mt against the SHFE 2411 contract, and imported tin brand spot prices at -400 to -200 yuan/mt against the SHFE 2411 contract. Tin prices fluctuated rangebound during the morning session, with some companies restocking as needed. Some trading companies completed transactions of about one truckload, while a few completed two truckloads. Overall, the spot market was relatively active yesterday.

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During the night session, SHFE tin prices fluctuated at low levels. Yesterday, the spot market was relatively active [SMM Tin Morning Comment Oct 10] - Shanghai Metals Market (SMM)