SHFE 2404 tin contract continued to rise to 224,900 yuan/mt before closing at 223,000 yuan/mt overnight, up 1.6%.
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 400-1,100 yuan/mt against SHFE 2404 tin contract, versus discounts of 600 yuan/mt to premiums of 300 yuan/mt for delivery brands, premiums of 200-700 yuan/mt for Yunxi brand, and discounts of 1,100-1,300 yuan/mt for imported brand tin ingots. Tin prices rose slightly in early trading yesterday, and some downstream companies planned to purchase a small amount of tin ingots.


