SHANGHAI, December 28 (SMM) –
SHFE 2402 tin contract inched lower and then rebounded before closing at 210,280 yuan/mt overnight, up 0.96%.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands were as below. Small brand tin ingots were offered at discounts of 200-500 yuan/mt over SHFE 2402 tin contract, versus premiums of 200-800 yuan/mt for delivery brands, premiums of 800-1100 yuan/mt for Yunxi brand, and discounts of 800-1100 yuan/mt for imported brand tin ingots. The overall price of tin rose slightly yesterday, and traders reported that the purchasing sentiment of downstream companies declined compared with the previous day. The spot market transactions yesterday were relatively sluggish due to the recent high tin prices.
SHFE 2402 tin contract inched lower and then rebounded before closing at 210,280 yuan/mt overnight, up 0.96%.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands were as below. Small brand tin ingots were offered at discounts of 200-500 yuan/mt over SHFE 2402 tin contract, versus premiums of 200-800 yuan/mt for delivery brands, premiums of 800-1100 yuan/mt for Yunxi brand, and discounts of 800-1100 yuan/mt for imported brand tin ingots. The overall price of tin rose slightly yesterday, and traders reported that the purchasing sentiment of downstream companies declined compared with the previous day. The spot market transactions yesterday were relatively sluggish due to the recent high tin prices.
