In the night trading session yesterday, the most-traded SHFE tin contract closed at 261,860 yuan/mt, down 7,130 yuan/mt, a decrease of 2.65%. The highest price was 264,300 yuan/mt, and the lowest was 261,080 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, premiums of 400-700 yuan/mt for Yunxi brand. The SHFE tin price dropped significantly during the morning session yesterday, leading to high enthusiasm for downstream procurement, with most downstream producers restocking. Overall, the spot market was quite active yesterday.
