Overnight, SHFE 2405 tin contract moved up after opening higher, and continued to move sideways at highs before closing at 238,670 yuan/mt, up 2.12%.
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 800-1,500 yuan/mt for SHFE 2405 tin contract, versus discounts of 100-800 yuan/mt for delivery brands and premiums of 0-300 yuan/mt for Yunxi brand. Overnight, SHFE tin moved up after opening higher, leaving downstream companies on the sidelines. Few deals were heard among traders.


