SMM

SHANGHAI, November 24(SMM) –SHFE 2312 tin contract fell 201510 yuan/mt overnight and then rebounded to 203590 yuan/mt, closing at 202810 yuan/mt, down 0.69%.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands were as follows: Small brand tin ingots were offered at premiums of 0-300 yuan/mt over SHFE 2312 tin contract, versus premiums of 400-700 yuan/mt for delivery brands, premiums of 900-1100 yuan/mt for Yunxi brand, and discounts of 300-600 yuan/mt imported brand tin ingots. Tin price remained at a relatively low level yesterday. Downstream companies were not very enthusiastic about purchasing and generally restocked as needed.