SHFE tin prices surged to high levels; spot market sees limited imported spot tin [SMM Tin Morning Brief].

Published: Jan 8, 2025 08:59
SHFE Tin Prices Surge to High Levels; Limited Spot Imported Tin in the Spot Market [SMM Tin Morning Brief] During yesterday's night session, the international tin market also exhibited some fluctuations, which had a certain linkage effect on the prices of domestic SHFE tin contracts. Meanwhile, domestic demand for tin showed some changes as well. Spot market prices fluctuated widely following SHFE tin prices, but the overall premium and discount levels remained largely unchanged...

SMM Tin Morning Brief on January 8, 2025:

During the night session yesterday, the international tin market also experienced some fluctuations, which had a certain linkage effect on the prices of domestic SHFE tin contracts. Meanwhile, domestic demand for tin also showed some changes. Spot market prices fluctuated widely following SHFE tin prices, but the overall premium and discount levels remained largely unchanged. Spot market transactions were relatively mediocre yesterday, with most trading enterprises engaging in scattered deals. Some imported tin arrived at ports, but due to high pre-sale volumes, imported spot tin remained relatively tight. Coupled with the approach of the year-end, most trading enterprises held low inventories, which may lead to tighter spot supply in the future.

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SHFE tin prices surged to high levels; spot market sees limited imported spot tin [SMM Tin Morning Brief]. - Shanghai Metals Market (SMM)