SMM Morning Comment For Tin Market On November 16

SHANGHAI, November 16(SMM) –SHFE 2312 tin contract fell to 213640 yuan/mt overnight and then rose to 214260 yuan/mt, and closed at 214050 yuan/mt, up 0.14%.
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 300-800 yuan/mt for delivery brands, premiums of 900-1100 yuan/mt for Yunxi brand, and discounts of 200-600 yuan/mt imported brand tin ingots. Yesterday, tin prices fluctuated sideways and maintained at a relatively high level in recent days. Most downstream companies took a wait-and-see attitude except for urgent purchases. There were few transactions in the trade market. A small number of trading companies traded around 50 mt, and most trading companies saw scattered transactions.