SHFE 2404 tin contract rose to 229,730 yuan/mt and closed at 227,790 yuan/mt, up 1.08%.
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 1000-1,200 yuan/mt over SHFE 2404 tin contract, versus discounts of 700 yuan/mt to premiums of 400 yuan/mt for delivery brands, premiums of 200-500 yuan/mt for Yunxi brand, and discounts of 1200-1,400 yuan/mt for imported brand tin ingots. Tin prices rose sharply yesterday, suppressing downstream and terminal companies from purchasing. Few deals were heard among traders.


