SMM

SHANGHAI, December 7 (SMM) –
SHFE 2401 tin contract rose to 207950 yuan/mt overnight, closing at 206600 yuan/mt, up 2.31%.
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 0-400 yuan/mt over SHFE 2312 tin contract, versus premiums of 500-800 yuan/mt for delivery brands, premiums of 1000-1100 yuan/mt for Yunxi brand, and discounts 500-700 yuan/mt imported brand tin ingots. The price of tin rose sharply yesterday, and traders reported that there were fewer transactions. Downstream companies still mainly consumed inventory and were not enthusiastic about purchasing.