SHFE 2404 tin contract rose to 229,770 yuan/mt last Friday night and closed at 228,270 yuan/mt, up 1.76%.
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 400-1,300 yuan/mt for SHFE 2404 tin contract, versus discounts of 600 yuan/mt to premiums of 300 yuan/mt for delivery brands, premiums of 200-700 yuan/mt for Yunxi brand, and discounts of 1,500 yuan/mt for imported brand tin ingots. Tin prices continued to rise last Friday, leaving downstream and terminal companies on the sidelines. Few deals were heard among traders.

![The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend [SMM Tin Midday Review]](https://imgqn.smm.cn/usercenter/WWXJU20251217171753.jpg)
![The most-traded SHFE tin contract fluctuated rangebound during the night session, with downstream enterprises mostly following up with small-lot transactions. [SMM Tin Morning Brief]](https://imgqn.smm.cn/usercenter/bYFQn20251217171752.jpg)
