Material arranged to cover a container (7)

I believe the answer is:

satinet

'material' is the definition.
(I've seen this before)

'arranged to cover a container' is the wordplay.
'arranged' becomes 'set' (similar in meaning).
'to cover' is an insertion indicator.
'container' becomes 'tin' (tin is a kind of container).
'a'+'tin'='atin'
'set' placed around 'atin' is 'SATINET'.

(Another definition for satinet that I've seen is " smooth material".)

I've seen this clue in The Guardian.

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