The closing price of the most-traded SHFE tin contract in the night session yesterday was 268,250 yuan/mt, up by 920 yuan/mt, with an increase of 0.34%. The highest price was 268,610 yuan/mt, and the lowest was 263,960 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 0-200 yuan/mt over SHFE 2407 tin contract, versus discounts of 200 yuan/mt to premiums of 500 yuan/mt for delivery brands, premiums of 700-800 yuan/mt for Yunxi brand, and discounts of 500 yuan/mt imported brand tin ingots. Tin prices continued to rise yesterday. Downstream companies were on the sidelines. Overall, the spot market transactions were relatively poor yesterday.
