SHFE 2403 tin contract fluctuated downwards and stabilized at 215,100 yuan/mt before closing at 215,650 yuan/mt overnight, down 0.78%.
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 100-500 yuan/mt against SHFE 2403 tin contract, versus discounts of 200 yuan/mt to premiums of 500 yuan/mt for delivery brands, premiums of 500-800 yuan/mt for Yunxi brand, and discounts of 600-1,000 yuan/mt for imported brand tin ingots. Tin prices rose slightly yesterday, with a small number of downstream companies making purchases as needed. Few deals were heard among traders.
![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)

