SMM Morning Comment For Tin Market On December 4

SHANGHAI, December 4(SMM) – SHFE 2401 tin contract rose to 201120 yuan/mt at last Friday’s night session and closed at 199660 yuan/mt, up 1.92%.
During the early trading last Friday, spot premiums and discounts in domestic spot market for various tin ingot brands did not changes much. Small brand tin ingots were offered at premiums of 0-300 yuan/mt over SHFE 2312 tin contract, versus premiums of 500-800 yuan/mt for delivery brands, premiums of 1000-1100 yuan/mt for Yunxi brand, and discounts of 600 yuan/mt imported brand tin ingots. Due to the recent fluctuations in tin prices, downstream companies mostly took a wait-and-see attitude and the purchasing sentiment was not high.