SMM Morning Comment For Tin Market On September 14

SHANGHAI, Sep 14(SMM) – SHFE 2310 tin contract rose slightly after the opening last night, reached a highest of around 217,430 yuan/mt, and then turned to fluctuate in a sideways range. It finally closed at 216,910 yuan/mt, up 0.86%. Spot premiums and discounts barely changed yesterday. Small brand tin ingots were offered at premiums of 300 yuan/mt, premiums of 300-500 yuan/mt for delivery brands, premiums of 1,000-1,500 yuan/mt for Yunxi brand, and discounts of 700-800 yuan/mt for imported brand tin ingots slated to arrive in China next week. Lower tin price and upcoming holidays drove downstream to stock up.