SHFE 2403 tin contract continued to fall at the opening of last night's trading, and rebounded slightly before closed at 220,350 yuan/mt, down 0.36%.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands were as below. Small brand tin ingots were offered at discounts of 200-800 yuan/mt against SHFE 2403 tin contract, versus discounts of 300 yuan/mt to premiums of 200 yuan/mt for delivery brands, premiums of 300-500 yuan/mt for Yunxi brand, and discounts of 1000-1300 yuan/mt for imported brand tin ingots. Tin prices remained at highs yesterday. Downstream companies barely showed any purchasing interest due to weakening demand.


