In the night session yesterday, the most-traded SHFE tin contract closed at 273,040 yuan/mt, down 110 yuan/mt, a decrease of 0.04%, with a high of 274,180 yuan/mt and a low of 270,860 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 200-700 yuan/mt over SHFE 2408 tin contract, versus discounts of 400 yuan/mt to premiums of 500 yuan/mt for delivery brands, and premiums of 400-700 yuan/mt for Yunxi brand. SHFE tin prices moved rangebound during the morning session, with downstream producers still holding a cautious sentiment. Overall, the spot market transactions remained weak yesterday.
![The most-traded SHFE tin contract closed at 412,960, down 2.47%. Probability of a September rate hike rose to 66.9% [SMM Tin Morning Meeting Minutes]](https://imgqn.smm.cn/usercenter/WPbpj20251217171753.jpg)

