SMM

SHANGHAI, December 12 (SMM) –
SHFE 2401 tin contract fell to 205000 yuan/mt overnight and closed at 205070 yuan/mt, down 0.80%. Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands were as below. Small brand tin ingots were offered at premiums of 0-400 yuan/mt over SHFE 2401 tin contract, versus premiums of 400-800 yuan/mt for delivery brands, premiums of 800-1100 yuan/mt for Yunxi brand, and discounts of 200-700 yuan/mt imported brand tin ingots. Tin prices continued to fluctuate downward yesterday. Traders reported that downstream companies' purchasing sentiment was not high. Imported tin ingots were more popular in the market.