SHFE 2312 tin contract rose to 210770 yuan/mt at last Friday’s night session and then fell back, closing at 209790 yuan/mt, down 0.05%.
During the early trading last Friday, spot premiums and discounts in domestic spot market for various tin ingot brands did not change much. Small brand tin ingots were offered at discounts of 100 and premiums of 500 yuan/mt, versus premiums of 400-700 yuan/mt for delivery brands, premiums of 900-1100 yuan/mt for Yunxi brand, and discounts of 100-600 yuan/mt imported brand tin ingots. Tin prices fell slightly last Friday, but many downstream companies took a wait-and-see attitude. Market transactions were relatively bleak.


