SHFE 2402 tin contract moved rangebound last Friday night, closing at 220,860 yuan/mt, down 0.60%.
Last Friday, 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 200-800 yuan/mt against SHFE 2403 tin contract, versus discounts of 300 yuan/mt to premiums of 600 yuan/mt for delivery brands, premiums of 300-1,000 yuan/mt for Yunxi brand, and discounts of 1000-1300 yuan/mt for imported brand tin ingots. Tin prices remained stable in early trading last week, but rose initially and then fell back in the afternoon. Traders reported weak demand from downstream companies.


