Futures market: In the morning, the SHFE tin 2406 contract price slightly surged and then fell back, closing at 274,120 yuan/mt at midday, down 2.20%.
Spot market: In the morning, traders' quotes for various domestic tin brands showed little change in premiums and discounts compared to recent days. Small brand tin was quoted at a discount of 500-1,000 yuan/mt against the 2046 contract, versus discounts of 300 yuan/mt to premiums of 300 yuan/mt for delivery brands and premiums of 300-600 yuan/mt for Yunxi brand. No quotes were available for imported tin brands. In the morning, SHFE tin prices slightly rose and then fell back, with growing inquiries from downstream companies. Most trading companies saw retail transactions. Overall, the spot market was relatively quiet today.
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