SMM Morning Comment For Tin Market On September 25

SHANGHAI, Sep 25 (SMM) – SHFE 2310 tin contract rose rapidly after opening on the Friday night session to a high of 225,640 yuan/mt and fell back slightly, finally closing at 223,550 yuan/mt, up 2.81%.

Spot premiums and discounts barely changed Last Friday. Small brand tin ingots were offered at premiums of 0-400 yuan/mt, premiums of 400-600 yuan/mt for delivery brands, premiums of 1,000-1,200 yuan/mt for Yunxi brands, and discounts of 200-500 yuan/mt for imported tin brands. Spot market activity picked up last Friday as pullback of tin prices from highs and upcoming National Day holiday drove downstream to stock up.