In the night session yesterday, the SHFE 2407 tin contract closed at 260,830 yuan/mt, down 1,820 yuan/mt, a decrease of 0.69%, with a high of 261,500 yuan/mt and a low of 257,380 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 0-600 yuan/mt over SHFE 2407 tin contract, versus discounts of 500 yuan/mt to premiums of 300 yuan/mt for delivery brands, and premiums of 0-500 yuan/mt for Yunxi brand. The continued decline in tin prices prompted downstream companies to make small purchases. SHFE tin warrants decreased by 328 mt to 16,460 mt, while LME tin inventory remained flat at 5,000 mt.
