SHFE 2404 tin contract saw limited fluctuations last Friday night, closing at 226,800 yuan/mt, down 0.24%.
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 1,000-1,200 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 1,200-1,400 yuan/mt for imported brand tin ingots. Tin prices continued to decline last Friday, suppressing downstream and terminal companies from purchasing. Few deals were heard among traders.
![The most-traded SHFE tin contract opened slightly higher during the night session and fluctuated with a pullback. Trading in the spot market was largely stagnant. [SMM Tin Morning Update]](https://imgqn.smm.cn/usercenter/sRGMJ20251217171752.jpg)

![The most-traded SHFE tin contract continued its fluctuating trend before the holiday, with trading in the spot market sluggish as the holiday approached. [SMM Tin Midday Review]](https://imgqn.smm.cn/usercenter/LLUUJ20251217171751.jpeg)
