SMM

SHANGHAI, December 22 (SMM) –
SHFE 2401 tin contract fell to 207720 yuan/mt overnight and closed at 209000 yuan/mt, up 0.31%.
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 200-300 yuan/mt over SHFE 2401 tin contract, versus premiums of 200-800 yuan/mt for delivery brands, premiums of 1000-1100 yuan/mt for Yunxi brand, and discounts of 500-800 yuan/mt imported brand tin ingots. Tin prices remained range-bound yesterday, and trading companies reported that downstream companies' purchasing willingness was still weak, and many held a wait-and-see attitude.