SHFE 2403 tin contract fluctuated downwards and stabilized at 216,030 yuan/mt before closing at 216,690 yuan/mt overnight, down 0.48%.
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 500-1000 yuan/mt against SHFE 2403 tin contract, versus discounts of 500 yuan/mt to premiums of 300 yuan/mt for delivery brands, premiums of 400-700 yuan/mt for Yunxi brand, and discounts of 800-1,500 yuan/mt for imported brand tin ingots. Tin prices rose slightly in early trading yesterday, with downstream companies taking a wait-and-see attitude. Few deals were heard among traders.


