SMM Morning Comment For Tin Market On September 15

SHANGHAI, Sep 15 (SMM) – SHFE 2310 tin contract maintained sideways after the opening last night, then rose rapidly. It finally closed at 218,750 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, and premiums of 1,000-1,200 yuan/mt for Yunxi brand. Imported tin brands were offered at a discount of 400 yuan/mt, and a discount of 500 yuan/mt for imported brand tin ingots slated to arrive in China next week. Buying sentiment in spot market cooled after tin price rallied sharply yesterday.