The price of the most active SHFE 2312 tin contract rose fluctuated rangebound in overnight trading session, reaching a high of 212360 yuan/mt. The prices finally closed at 210100 yuan/mt last evening, up 0.63%.
During the early trading yesterday, spot quotes of various domestic tin ingot brands did not change much. Among them, the premiums of small brand tin ingots stood at a maximum of 300-600 yuan/mt, and the premiums of delivery brands ranged from 500 yuan/mt to 900 yuan/mt. Yunxi brand was quoted with premiums of 1000-1200 yuan/mt, and imported tin brand were quoted with discounts of 500-100 yuan/mt. Tin prices continued to rise yesterday, and downstream companies were less enthusiastic about buying goods. Most companies in the trading market reported that yesterday's shipments were scattered, and some trading companies still had no goods. Generally speaking, the spot market transactions were poor yesterday. The spot market showed a mixed situation yesterday afternoon, with some companies trading around 20 mt.
