SMM Morning Comment For Tin Market On November 6

SHANGHAI, November 6(SMM) –

SHFE 2312 tin contract fell to 207090 yuan/mt at last Friday’s night session and then bounced back a little, closing at 208140 yuan/mt, up 0.93%.
During the early trading last Friday, spot premiums and discounts in domestic spot market for various tin ingot brands changed little. Small brand tin ingots were offered at premiums of 300-600 yuan/mt over SHFE 2312 tin contract, versus premiums of 500-800 yuan/mt for delivery brands, premiums of 1000-1200 yuan/mt for Yunxi brand, and discounts of 100-400 yuan/mt for imported brand tin ingots. The price of tin began to rebound last Friday, and the willingness of downstream companies in purchasing goods declined slightly. The spot market transactions were thin on the afternoon of last Friday.