SHFE tin prices opened lower during the night session, with downstream purchasing sentiment being poor [SMM Tin Morning News Oct 25]

Published: Oct 25, 2024 09:39

Source: SMM

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SMM, October 25: Yesterday, the closing price of the most-traded SHFE tin contract was 254,160 yuan/mt, down 530 yuan/mt, a decrease of 0.21%, with the highest at 255,900 yuan/mt and the lowest at 253,040 yuan/mt. During yesterday's morning session, the quotations for various domestic tin ingot brands by trading companies showed little change compared to recent days. Among them, small brand tin ingot quotations against the SHFE 2411 contract were +0~+200 yuan/mt, delivery brand prices were +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 cargo quotations were -700 yuan/mt against the SHFE 2411 contract. Yesterday's rise in tin prices suppressed the purchasing willingness of downstream enterprises. Most trading companies had scattered transactions, with a few trading companies transacting around one truckload. Overall, the spot market transactions remained sluggish yesterday.

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