SHANGHAI, January 11 (SMM) –
SHFE 2402 tin contract rose overnight and closed at 206190 yuan/mt, up 0.90%.
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 discounts of 100-500 yuan/mt against SHFE 2402 tin contract, versus premiums of 100-600 yuan/mt for delivery brands, premiums of 900-1100 yuan/mt for Yunxi brand, and discounts of 900-1200 yuan/mt imported brand tin ingots. Tin prices remained relatively low in early trading yesterday. Trading companies reported a slight decline in the purchasing enthusiasm of downstream companies.
SHFE 2402 tin contract rose overnight and closed at 206190 yuan/mt, up 0.90%.
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 discounts of 100-500 yuan/mt against SHFE 2402 tin contract, versus premiums of 100-600 yuan/mt for delivery brands, premiums of 900-1100 yuan/mt for Yunxi brand, and discounts of 900-1200 yuan/mt imported brand tin ingots. Tin prices remained relatively low in early trading yesterday. Trading companies reported a slight decline in the purchasing enthusiasm of downstream companies.
