SHANGHAI, November 15(SMM) –
SHFE 2312 tin contract fell to 212290 yuan/mt overnight and then rose to 214640 yuan/mt, and closed at 214240 yuan/mt, up 0.17%.
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 premiums of 0-500 yuan/mt, versus premiums of 400-700 yuan/mt for delivery brands, premiums of 1000-1100 yuan/mt for Yunxi brand, and discounts of 100-600 yuan/mt imported brand tin ingots. Tin prices fluctuated sideways yesterday, and downstream companies still had a strong wait-and-see attitude and no strong willingness to purchase. There were few transactions in the trading market. Generally speaking, the spot market transactions yesterday were relatively thin.
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 premiums of 0-500 yuan/mt, versus premiums of 400-700 yuan/mt for delivery brands, premiums of 1000-1100 yuan/mt for Yunxi brand, and discounts of 100-600 yuan/mt imported brand tin ingots. Tin prices fluctuated sideways yesterday, and downstream companies still had a strong wait-and-see attitude and no strong willingness to purchase. There were few transactions in the trading market. Generally speaking, the spot market transactions yesterday were relatively thin.
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