In the night session yesterday, the most-traded SHFE tin contract closed at 272,670 yuan/mt, down 1,920 yuan/mt, a decrease of 0.7%. The highest price was 274,590 yuan/mt, and the lowest was 272,170 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 200-700 yuan/mt over SHFE 2408 tin contract, versus discounts of 400 to premiums of 500 yuan/mt for delivery brands, and premiums of 400-700 yuan/mt for Yunxi brand. Tin prices moved rangebound yesterday. Downstream producers restocked as needed, but most still maintained a wait-and-see attitude. Overall, the spot market transactions were weak yesterday.
