SHANGHAI, Aug 11 (SMM) –
Overnight, SHFE 2309 tin contract price quickly rose slightly after the opening. After reaching a high price of around 224,990 yuan/mt, it fell sharply and finally closed at 223,020 yuan/mt, down 0.32%.
Spot premiums and discounts changed little yesterday morning. Small brand tin ingots were offered at discounts of 400-600 yuan/mt, versus discounts of 0-100 yuan/mt and premiums of 0-400 yuan/mt for delivery brand, premiums of 600-1,200 yuan/mt for Yunxi brand, and discounts of 800-1,000 yuan/mt for imported brand. Downstream buying appetite improved only slightly after SHFE tin prices slumped.
