SHANGHAI, January 4 (SMM) – Tin SHFE 2402 tin contract rose to 212950 yuan/mt overnight, and closed at 212410 yuan/mt, up 1.03%.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands were as below. Small brand tin ingots were offered at discounts of 300-600 yuan/mt compared to SHFE 2402 tin contract, versus premiums of 0-700 yuan/mt for delivery brands, premiums of 1000-1100 yuan/mt for Yunxi brand, and discounts of 900-1300 yuan/mt imported brand tin ingots. Tin prices rose slightly in early trading yesterday and then fell back. Traders reported that downstream companies' purchasing intentions were still sluggish, and they still took a wait-and-see attitude towards the current relatively high tin prices.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands were as below. Small brand tin ingots were offered at discounts of 300-600 yuan/mt compared to SHFE 2402 tin contract, versus premiums of 0-700 yuan/mt for delivery brands, premiums of 1000-1100 yuan/mt for Yunxi brand, and discounts of 900-1300 yuan/mt imported brand tin ingots. Tin prices rose slightly in early trading yesterday and then fell back. Traders reported that downstream companies' purchasing intentions were still sluggish, and they still took a wait-and-see attitude towards the current relatively high tin prices.
