SHFE 2404 tin contract rose to 223,350 yuan/mt after opening higher, and closed at 221,600 yuan/mt overnight, up 1.29%.
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 600-800 yuan/mt against SHFE 2404 tin contract, versus discounts of 400 yuan/mt to premiums of 400 yuan/mt for delivery brands, premiums of 300-700 yuan/mt for Yunxi brand, and discounts of 700-1,000 yuan/mt for imported brand tin ingots. Tin prices moved rangebound in early trading yesterday. Most downstream companies relied on their stocks to maintain production.


