SHFE 2311 tin contract price dropped slightly to a low of 214,440 yuan/mt at the opening of last Friday’s night session and then gradually rose back to a high of 216,040 yuan/mt.
During the early trading last Friday, spot premiums and discounts in domestic spot market for various domestic tin ingot brands changed little. Small brand tin ingots were offered at premiums of 0-300 yuan/mt, versus premiums of 400-700 yuan/mt for delivery brands, premiums of 900-1,200 yuan/mt for Yunxi brand, and discounts of 300-600 yuan/mt for imported brand tin ingots. Transaction situation last Friday was still sluggish and improved only a little compared to last Thursday.
