SHFE 2406 tin contract rose sharply, closing at 264,440 yuan/mt, up 1.85%.
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 1,000 yuan/mt for SHFE 2406 tin contract, versus discounts of 800 yuan/mt to premiums of 300 yuan/mt for delivery brands and premiums of 0-300 yuan/mt for Yunxi brand. Tin prices moved rangebound yesterday. The purchasing willingness of downstream enterprises were moderate. Transactions were active yesterday.


