SMM Morning Comment For Tin Market On November 3

SHANGHAI, November 3(SMM) –SHFE 2312 tin contract fell to 204560 yuan/mt overnight and then bounced back a little, closing at 204800 yuan/mt, down 0.37%.
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 300-500 yuan/mt, versus premiums of 500-800 yuan/mt for delivery brands, premiums of 1000-1200 yuan/mt for Yunxi brand, and discounts of 400 yuan/mt for imported brand tin ingots. Tin prices fell slightly yesterday, and the purchasing enthusiasm of downstream companies dropped slightly compared with the previous day. Generally speaking, the spot market transactions were cooled down slightly.