SHFE 2405 tin contract moved rangbound overnight, closing at 254,020 yuan/mt, down 0.94%.
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 800-2,000 yuan/mt for SHFE 2405 tin contract, versus discounts of 0-1,300 yuan/mt for delivery brands and premiums of 0-400 yuan/mt for Yunxi brand. Tin prices pulled back after an initial rise, and downstream enterprises restocked only as needed. Few deals were heard among traders.


