SHFE 2402 tin contract rose slightly to 222,620 yuan/mt before closing at 221,860 yuan/mt overnight, up 0.83%.
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 200-800 yuan/mt against SHFE 2402 tin contract, versus discounts of 300 yuan/mt to premiums of 600 yuan/mt for delivery brands, premiums of 300-1,000 yuan/mt for Yunxi brand, and discounts of 1000-1300 yuan/mt for imported brand tin ingots. Tin prices inched lower and then rebounded yesterday, and traders reported that the downstream customers were cautious about placing orders.


