SHFE 2404 tin contract rose slightly to 219,760 yuan/mt and then fell back last Friday night, closing at 218,200 yuan/mt, up 0.22%.
Last Friday, 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 500-900 yuan/mt against SHFE 2404 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 800-1,200 yuan/mt for imported brand tin ingots. Tin prices consolidated swung on a soft note last Friday, and downstream companies were less cautious about entering the market.


