SHFE 2403 tin contract inched higher and remained at highs before closing at 212,430 yuan/mt overnight, up 1.31%.
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 300 yuan/mt against SHFE 2403 tin contract, versus premiums of 0-500 yuan/mt for delivery brands, premiums of 700-800 yuan/mt for Yunxi brand, and discounts of 600 yuan/mt for imported brand tin ingots. Tin prices moved rangebound in early trading yesterday and rebounded in night session. Downstream companies barely showed any purchasing interest before CNY holidays.

![US August PPI beats expectations, boosting rate hike expectations; the most-traded SHFE tin contract falls below the 410,000 yuan mark [SMM Tin Midday Review]](https://imgqn.smm.cn/usercenter/gbiCe20251217171750.jpg)
![SHFE tin closed at 414,050 (-2.18%) overnight, with both longs and shorts cautious ahead of the September 11 CPI data release [SMM Tin Morning News]](https://imgqn.smm.cn/usercenter/LLUUJ20251217171751.jpeg)
