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SHFE Tin Prices Fluctuate Widely; Spot Market Sees Limited Imported Spot Tin [SMM Tin Morning Brief]

  • Jan 07, 2025, at 9:08 am
SHFE Tin Prices Fluctuate Widely; Limited Spot Supply of Imported Tin in the Spot Market [SMM Tin Morning Brief] Yesterday, SHFE tin prices fluctuated downward during the daytime session, with overall prices slightly pulling back. During the night session, prices moved downwards after a higher opening, gradually pulling back to daytime levels. Overall, SHFE tin prices remained at a relatively high level yesterday. Spot market prices fluctuated widely along with SHFE tin prices, but the overall premium and discount levels remained largely unchanged. Yunnan Tin maintained a premium of 1,000 yuan/mt against SHFE tin prices, while deliverable tin ingots had a premium of around 600 yuan/mt against SHFE tin prices. Imported tin ingots, on the other hand, were at a discount of around 700 yuan/mt against SHFE tin prices, though the spot supply of imported tin ingots was tight...
On January 7, 2025, SMM Tin Morning Brief: SHFE tin prices fluctuated downward during the daytime yesterday, with overall prices slightly declining. During the night session, prices moved downwards after a higher opening, gradually pulling back to daytime levels. Overall, SHFE tin prices remained at a relatively high level yesterday. Spot market prices followed SHFE tin prices with wide fluctuations, but the overall premium and discount levels remained largely unchanged. Yunnan Tin maintained a premium of 1,000 yuan/mt against SHFE tin prices, while deliverable tin ingots had a premium of around 600 yuan/mt against SHFE tin prices. Imported tin ingots, however, were at a discount of around 700 yuan/mt against SHFE tin prices. Tight spot supply of imported tin ingots persisted in the spot market, with only a few traders holding imported tin spot cargoes, while most traders were selling imported tin futures. Some imported tin is expected to arrive at ports this week, but considering that part of the imported tin ingots has been pre-sold, the available quantity of imported tin for sale will remain at a low level after this week's arrivals.
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