SHANGHAI, Oct 20(SMM) – SHFE 2311 tin contract rebounded slowly after opening low at yesterday night session. After reaching a high of 217,430 yuan/mt, it fell back and maintained sideways basically, finally closing at 216,650 yuan/mt, down 0.73%.
Spot premiums and discounts were basically unchanged from yesterday. Small brand tin ingots were offered at premiums of 0-300 yuan/mt, premiums of 400-700 yuan/mt for delivery brands, premiums of 900-1,200 yuan/mt for Yunxi brands, and discounts of 300-600 yuan/mt for imported tin brands. The overall tin price maintained high fluctuations yesterday, but downstream companies were less willing to purchase. Most trading companies reported that most of the shipments were few yesterday. The transaction volume remained flat.
