Overnight, SHFE 2405 tin contract fell to 248,000/mt and closed at 248,100 yuan/mt, up 0.32%.
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 800-2,000 yuan/mt for SHFE 2405 tin contract, versus discounts of 0-800 yuan/mt for delivery brands and premiums of 200-300 yuan/mt for Yunxi brand. Tin prices remained at highs yesterday, leaving downstream companies on the sidelines. 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)

