In the night session yesterday, the most-traded SHFE 2407 tin contract closed at 266,400 yuan/mt, down 5,140 yuan/mt, a decrease of 1.89%. The highest price was 269,800 yuan/mt, and the lowest was 264,860 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 discounts of 0-600 yuan/mt over SHFE 2407 tin contract, versus discounts of 800 yuan/mt to premiums of 500 yuan/mt for delivery brands and premiums of 0-500 yuan/mt for Yunxi brand. Tin prices continued rose slightly and then fell yesterday, and remained at a low level recently, with downstream companies showing high purchasing enthusiasm. SHFE tin warrants decreased by 71 mt to 17,091 mt, while LME tin inventory increased by 5 mt to 5,000 mt.
