SHANGHAI, Aug 17 (SMM) –
Overnight, SHFE 2309 tin contract price rose rapidly after the low opening. After reaching a high price of around 213,300 yuan/mt, it turned gradually down and finally closed at 211,780 yuan/mt, down 0.15%.
Spot premiums and discounts changed little on August 16 morning. Small brand tin ingots were offered at discounts of 300 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 700 yuan/mt for imported brand. Tin price rally and adequate stocks on hand after previous stocking caused trading activity to cool down.
