SHFE 2404 tin contract moved rangbound, closing at 222,990 yuan/mt, up 0.1%.
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 600-700 yuan/mt over SHFE 2404 tin contract, versus discounts of 600 yuan/mt to premiums of 200 yuan/mt for delivery brands, premiums of 400-500 yuan/mt for Yunxi brand, and discounts of 1,400 yuan/mt for imported brand tin ingots. Tin prices fell slightly yesterday, and most downstream enterprises took a wait-and-see attitude.