SMM

SHANGHAI, December 13 (SMM) –
SHFE 2401 tin contract rose to 207500 yuan/mt overnight and closed at 207480 yuan/mt, up 0.63%.
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 0-300 yuan/mt over SHFE 2401 tin contract, versus premiums of 300-800 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. Yesterday, SHFE tin price rose slightly during the session and then fell back. Traders reported that downstream companies mostly placed orders at low prices and trades were thin.