Night session SHFE tin prices continued to rise; spot market transactions were weak [SMM Tin Morning News Oct 14]

Published: Oct 14, 2024 09:48

Source: SMM

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SMM, October 14: Last Friday, the most-traded SHFE tin contract closed at 270,590 yuan/mt, up by 30,800 yuan/mt, an increase of 1.15%.

SMM, October 14: Last Friday, the most-traded SHFE tin contract closed at 270,590 yuan/mt, up by 30,800 yuan/mt, an increase of 1.15%. During the early session last Friday, trading companies' quotations for domestic tin ingot brands showed little change compared to recent days. Small brand tin ingot quotations against the SHFE 2411 contract were +0~+200 yuan/mt, delivery brand quotations against the SHFE 2411 contract were +200~+600 yuan/mt, Yunnan tin brand quotations against the SHFE 2411 contract were +600~+800 yuan/mt, and imported tin brand spot quotations against the SHFE 2411 contract were -400~-200 yuan/mt. Last Friday morning, tin prices slightly dipped and then rebounded, with most downstream companies adopting a wait-and-see attitude. Most trading companies had scattered transactions, with a few trading companies transacting around one truckload. Overall, last Friday's spot market transactions were relatively quiet.

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