Yesterday, the night trading session saw the most-traded SHFE tin contract close at 273,690 yuan/mt, down by 610 yuan/mt, a decrease of 0.22%. The highest price was 276,790 yuan/mt, and the lowest was 273,240 yuan/mt.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands were as below. Small brand tin ingots were offered at premiums of 0 yuan/mt over SHFE 2408 tin contract, versus discounts of 500 yuan/mt to premiums of 200 yuan/mt for delivery brands and premiums of 200 yuan/mt for Yunxi brand. Yesterday morning, SHFE tin prices hovered at high levels, with downstream producers mostly adopting a wait-and-see attitude and showing low willingness to purchase. Overall, the spot market was relatively quiet yesterday.
