SMM

SHANGHAI, December 1(SMM) – SHFE 2401 tin contract rose to 194580 yuan/mt overnight, closing at 194690 yuan/mt, down 0.65%.
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 300-600 yuan/mt over SHFE 2312 tin contract, versus premiums of 500-900 yuan/mt for delivery brands, premiums of 1000-1100 yuan/mt for Yunxi brand, and discounts of 600 yuan/mt imported brand tin ingots. SHFE tin prices maintained a weak consolidation after opening low yesterday, and the spot market transactions were relatively thin.