SHANGHAI, November 30(SMM) – SHFE 2401 tin contract fell to 194660 yuan/mt overnight and then rebounded to 197250 yuan/mt, closing at 196580 yuan/mt, up 0.51%.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands improved. Small brand tin ingots were offered at premiums of 600-800 yuan/mt over SHFE 2312 tin contract, versus premiums of 600-1,000 yuan/mt for delivery brands, premiums of 900-1300 yuan/mt for Yunxi brand, and discounts of 600 yuan/mt imported brand tin ingots. Tin prices rebounded slightly yesterday, and market transactions cooled down. Most downstream companies took a wait-and-see attitude.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands improved. Small brand tin ingots were offered at premiums of 600-800 yuan/mt over SHFE 2312 tin contract, versus premiums of 600-1,000 yuan/mt for delivery brands, premiums of 900-1300 yuan/mt for Yunxi brand, and discounts of 600 yuan/mt imported brand tin ingots. Tin prices rebounded slightly yesterday, and market transactions cooled down. Most downstream companies took a wait-and-see attitude.
