SHFE tin remained in a low-level fluctuation during the night session, with spot market liquidity tightening [SMM Tin Morning News Nov 28]

Published: Nov 28, 2024 09:44

Source: SMM

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Yesterday, the spot tin market saw active transactions, with trading enterprises' quotations remaining stable and showing no significant fluctuations.

Yesterday, the spot tin market saw active transactions, with trading enterprises' quotations remaining stable and showing no significant fluctuations. The price range of tin ingots from various domestic brands was relatively fixed. Small brand tin ingots and imported tin ingots had a slight discount against the SMM 1# tin ingot price, while delivery brand prices and Yunnan Tin brand tin ingots had a slight premium against the SMM 1# tin ingot price. In yesterday's market, tin prices were driven down by macro factors and increased positions, maintaining low-level fluctuations during the night session. The spot market's trading activities returned to a heated state, with most downstream enterprises opting for low-level restocking and showing strong purchasing intentions. On the side of trading enterprises, most of them completed transactions of 2-4 trucks, and some traders' inventories were already depleted. Overall, the market's trading atmosphere was active, and if tin prices continue to fluctuate at low levels, spot market liquidity may become tight.

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