SHANGHAI, January 18 (SMM) –
SHFE 2402 tin contract stayed high overnight and closed at 213650 yuan/mt, up 0.19%.
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 0-500 yuan/mt and premiums of 0-100 yuan/mt over SHFE 2402 tin contract, versus premiums of 0-600 yuan/mt for delivery brands, premiums of 600-1000 yuan/mt for Yunxi brand, and discounts of 1000-1100 yuan/mt for imported brand tin ingots. Tin prices remained high and traded sideways in early trading yesterday. Trading companies reported that there were only a few customers making inquiries and placing orders yesterday. Most downstream companies took a wait-and-see attitude in the face of high tin prices.


