SHANGHAI, Aug 18 (SMM) –
Overnight, SHFE 2309 tin contract price rapidly rose to 213,320 yuan/mt after the opening. Then it maintained a sideways range of fluctuations and finally closed at 212,810 yuan/mt, up 0.83%.
Spot premiums and discounts changed little on August 17 morning. Small brand tin ingots were offered at discounts of 200 yuan/mt, and premiums of 100-500 yuan/mt for delivery brands, among which some enterprises with less inventory shipping at the premium of 700 yuan/mt, premiums of 900-1,200 yuan/mt for Yunxi brand, and discounts of 500 yuan/mt for imported brand. While tin prices hovered at lows, trading cooled as many downstream buyers had stocked enough raw materials earlier. Many traders reported low stocks after previous shipments.
