Overnight, SHFE 2406 tin contract rose slightly and then fell back, closing at 259,010 yuan/mt, down 0.7%.
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 700-1,000 yuan/mt for SHFE 2406 tin contract, versus discounts of 600 yuan/mt to premium of 300 yuan/mt for delivery brands and premiums of 100-500 yuan/mt for Yunxi brand. In the early trading yesterday, SHFE 2405 tin contract fell sharply, and most downstream enterprises placed orders at low prices. The trades in market were robust yesterday.


