SMM, September 25: In the night session yesterday, the most-traded SHFE tin contract closed at 261,700 yuan/mt, up by 1,140 yuan/mt, an increase of 0.44%, with a high of 263,160 yuan/mt and a low of 260,660 yuan/mt. During the morning session yesterday, trading companies' quotes for domestic tin ingot brands showed little change compared to recent days. Small brand tin ingots were quoted at premiums of 0-500 yuan/mt against the SHFE 2410 contract, delivery brand prices at 200-600 yuan/mt against the SHFE 2410 contract, Yunnan Tin brand at 600-800 yuan/mt against the SHFE 2410 contract, and imported tin brand spot quotes at discounts of 700-200 yuan/mt against the SHFE 2410 contract. Yesterday morning, tin prices fluctuated upward, with most downstream and end-user companies choosing to wait and see. Most trading companies had scattered transactions, with a few trading companies completing transactions of about one truckload. Overall, the spot market transactions were mediocre yesterday.
During the night session, SHFE tin prices consolidated at high levels, downstream purchasing sentiment in spot market remained sluggish [SMM Tin Morning Comment]
- Sep 25, 2024, at 9:52 am
- SMM
SMM, September 25: In the night session yesterday, the most-traded SHFE tin contract closed at 261,700 yuan/mt, up by 1,140 yuan/mt, an increase of 0.44%, with a high of 263,160 yuan/mt and a low of 260,660 yuan/mt.
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