SMM Morning Comment For Tin Market On November 10

SHANGHAI, November 10(SMM) –Tin SHFE 2312 tin contract fell to 208460 yuan/mt overnight and then rose to 211280 yuan/mt, and closed at 210230 yuan/mt, down 0.06%.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands did not change much. Small brand tin ingots were offered at discounts of 100 and premiums of 500 yuan/mt, versus premiums of 400-700 yuan/mt for delivery brands, premiums of 900-1100 yuan/mt for Yunxi brand, and discounts of 600 yuan/mt imported brand tin ingots. The tin price rose slightly yesterday, and the sentiment of downstream companies to buy goods continued to decline. The market transactions were relatively sluggish.