Last night, the most-traded SHFE tin futures contract closed at 272,360 yuan/mt, down 320 yuan/mt, a decrease of 0.12%. The highest price was 275,580 yuan/mt, and the lowest was 271,200 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 0-100 yuan/mt over SHFE 2407 tin contract, versus premiums of 0-500 yuan/mt for delivery brands and premiums of 600-800 yuan/mt for Yunxi brand. Yesterday morning, SHFE tin prices fluctuated upwards, and most downstream producers adopted a wait-and-see attitude. Overall, the spot market transactions were relatively quiet yesterday.


