SHANGHAI, October 30(SMM) –
SHFE 2312 tin contract price dropped to 213520 yuan/mt at last Friday’s night session and then gradually stabilized. During the early trading last Friday, spot premiums and discounts in domestic spot market for various domestic tin ingot brands changed only slightly. Small brand tin ingots were offered of 200-500 yuan/mt, versus premiums of 300-700 yuan/mt for delivery brands, premiums of 900-1,000 yuan/mt for Yunxi brand, and discounts of 500-600 yuan/mt for imported brand tin ingots. The tin price continued to fall last Friday, and the purchasing sentiment of downstream companies improved slightly. Overall, the spot market transactions picked up.
