In the night trading session yesterday, the closing price of the most-traded SHFE tin contract was 268,700 yuan/mt, up 2,140 yuan/mt, an increase of 0.80%. The highest price was 271,070 yuan/mt, and the lowest was 267,650 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 premiums of 0 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. Tin prices fluctuated upward, and downstream companies were less willing to purchase. Overall, the spot market transactions were not as active as the previous day. Yesterday, SHFE tin warrants decreased by 137 mt to 14,915 mt, while LME tin inventory remained flat at 4,780 mt.
