The price of the most active SHFE 2402 tin contract rose rapidly after opening in overnight trading session, and finally closed at 210280 yuan/mt, up 0.96%.
During the early trading yesterday, spot quotes of various domestic tin ingot brands did not change much. Among them, the premiums of small brand tin ingots stood at a maximum of 500-200 yuan/mt, and the premiums of delivery brands ranged from 200 yuan/mt to 800 yuan/mt. Yunxi brand was quoted with premiums of 800-1100 yuan/mt, and imported tin brand were quoted with discounts of 1100-800 yuan/mt. The overall price of tin rose slightly yesterday, and trading companies reported that the purchasing sentiment of downstream companies declined compared with the previous day. Most trading companies purchased modestly in the morning, and the spot market transactions remained quiet yesterday afternoon. Generally speaking, the spot market transactions yesterday were relatively subdued due to the recent high tin prices.
