SHFE 2404 tin contract fluctuated downwards and stabilized at 218,200 yuan/mt before closing at 218,560 yuan/mt overnight, down 0.39%.
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 600-1,000 yuan/mt against SHFE 2404 tin contract, versus discounts of 400 yuan/mt to premiums of 400 yuan/mt for delivery brands, premiums of 500-700 yuan/mt for Yunxi brand, and discounts of 800-1,300 yuan/mt for imported brand tin ingots. Tin prices rose slightly and then fell back in early trading yesterday, with most downstream companies taking a wait-and-see attitude. Few deals were heard among traders.


