Yesterday's overnight trading saw the most-traded SHFE tin contract closed at 267,670 yuan/mt, up by 6,560 yuan/mt, an increase of 2.51%. The highest price was 267,860 yuan/mt, and the lowest was 262,680 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 300 yuan/mt to premiums of 300 yuan/mt over SHFE 2407 tin contract, versus discounts of 300 to premiums of 400 yuan/mt for delivery brands and premiums of 500-600 yuan/mt for Yunxi brand. Tin prices fluctuated upward yesterday. Downstream companies, mostly having stocked up enough raw materials earlier, barely showed any purchasing interest. Overall, the spot market was relatively active yesterday. SHFE tin warrants decreased by 506 mt to 15,954 mt, while LME tin inventory decreased by 185 mt to 4,815 mt.
