SMM

SHANGHAI, December 8 (SMM) –
SHFE 2401 tin contract fell to 205500 yuan/mt overnight and then rebounded to 206160 yuan/mt, closing at 206800 yuan/mt, down 0.15%.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands did not changes much. Small brand tin ingots were offered at premiums of 0-400 yuan/mt over SHFE 2401 tin contract, versus premiums of 500-800 yuan/mt for delivery brands, premiums of 800-1100 yuan/mt for Yunxi brand, and discounts of 500-600 yuan/mt imported brand tin ingots. Tin prices maintained a high level yesterday, and traders reported fewer inquiries from downstream companies. Downstream companies took a wait-and-see attitude towards the continued rise in prices.