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

Published: Oct 18, 2024 09:51 (GMT+8)

Source: SMM

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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.

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