SHFE tin moved sideways during the night session, spot tin market saw brisk trading (SMM tin morning comment Nov 14)

Published: Nov 14, 2024 09:38

Source: SMM

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Yesterday, the quotations from trading companies remained stable without significant fluctuations.

Yesterday, the quotations from trading companies remained stable without significant fluctuations. The price range of tin ingots from various domestic brands was relatively fixed, with small-brand tin ingots and imported tin ingots showing a slight discount against the SMM 1# tin ingot price, while delivery brand prices and Yunnan Tin brand tin ingots showed a slight premium against the SMM 1# tin ingot price. In yesterday's market, SHFE tin prices continued to decline, maintaining low-level fluctuations during the night session. Most downstream companies replenished their stocks in large quantities, and some downstream companies engaged in pricing. As for trading companies, most had a trading volume of around 30 mt, with a few companies reaching a trading volume of 3-7 trucks. Overall, the market trading atmosphere was brisk.

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