SHFE tin prices fell to a weekly low [SMM Tin Morning News Oct 18]

Published: Oct 18, 2024 09:51

Source: SMM

Save

SMM，October 18: Yesterday, the closing price of the most-traded SHFE tin contract was 256,440 yuan/mt, down 6,540 yuan/mt, a decrease of 2.49%.

SMM，October 18: Yesterday, the closing price of the most-traded SHFE tin contract was 256,440 yuan/mt, down 6,540 yuan/mt, a decrease of 2.49%. The highest price was 257,880 yuan/mt, and the lowest was 255,390 yuan/mt. During yesterday's morning session, the premiums and discounts quoted by trading companies for various domestic tin ingot brands did not change much compared to recent days. Among them, small brand tin ingots were quoted at premiums of +0~+200 yuan/mt against the SHFE 2411 contract, delivery brand prices were quoted at premiums of +200~+600 yuan/mt against the SHFE 2411 contract, Yunnan tin brand quotations against the SHFE 2411 contract were +600~+800 yuan/mt, and imported tin brand spot quotations were -700 yuan/mt against the SHFE 2411 contract. Yesterday, tin prices fell back at the end of the session, with most downstream companies waiting for market sentiment to further ferment. Some trading companies made scattered transactions, and a few trading companies traded 20-30 mt. Overall, the spot market transactions were mediocre yesterday.

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

Apr 3, 2026 16:06

Space Computing Power Professional Committee Established; 10 Key Projects Unveiled

On April 3, at the 2026 Space Computing Power Industry Conference, the "Space Computing Power Professional Committee" of the Computing Power Industry Development Consortium was established. Yicai reporters learned on site that the conference released ten key research projects that day, covering critical technologies at the satellite platform level, chip level, payload board level, networking and operations level, hardware system level, system software level, industrial application level, cross-structural level, cross-launch vehicle level, and cross-thermal management level, and that joint research collaboration will be carried out with industry participants.

Apr 3, 2026 16:06

Apr 3, 2026 15:49

Data: SHFE, DCE market movement (Apr 03)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 03 Apr , 2026

Apr 3, 2026 15:49

Apr 3, 2026 15:02

Nvidia Invests $2 Bln in Marvell for Silicon Photonics Tech Cooperation

Nvidia (NVDA.O) said it has invested $2 billion in Marvell Technology (MRVL.O), and the two sides plan to cooperate in the field of silicon photonics technology. Silicon photonics technology enables high-speed, energy-efficient data transmission, with its two common application fields being artificial intelligence and cloud computing. Nvidia Chief Executive Officer Huang Renxun said in a statement on Tuesday: “By joining forces with Marvell, we enable clients to leverage Nvidia’s AI infrastructure ecosystem and build dedicated AI computing capabilities at scale.”

Apr 3, 2026 15:02