SMM

SHANGHAI, November 28(SMM) –SHFE 2312 tin contract fell to 196910 yuan/mt overnight and closed at 192960 yuan/mt, down 3.58%.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands were as below. Small brand tin ingots were offered at discounts of 300-500 yuan/mt over SHFE 2312 tin contract, versus premiums of 500-900 yuan/mt for delivery brands, premiums of 900-1100 yuan/mt for Yunxi brand, and discounts of 0-800 yuan/mt imported brand tin ingots. Tin prices continued to fall yesterday, and transactions in the spot market were relatively thin. Downstream companies, mostly having stocked up enough raw materials earlier, barely showed any purchasing interest.