SHFE 2312 tin contract rose to 211570 yuan/mt overnight and closed at 210570 yuan/mt, up 0.51%.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands did not change much. Small brand tin ingots were offered at premiums of 200-400 yuan/mt, versus premiums of 400-800 yuan/mt for delivery brands, premiums of 1000-1200 yuan/mt for Yunxi brand, and discounts of 500 yuan/mt imported brand tin ingots. Tin prices continued to rise yesterday, and the sentiment of downstream companies to buy goods declined slightly. The trading market transactions showed a divided situation. Some trading companies traded 30-40 mt, and some trading companies reported thin transactions. Generally speaking, the spot market transactions cooled down slightly yesterday.


