Overnight, SHFE 2405 tin contract rose to 228,700 yuan/mt and closed at 228,200 yuan/mt, up 1.04%.
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 800-1,000 yuan/mt for SHFE 2405 tin contract, versus discounts of 0-800 yuan/mt for delivery brands and premiums of 0-100 yuan/mt for Yunxi brand. Tin prices moved rangbound yesterday. Most downstream enterprises placed orders at low prices and showed little purchasing interest. Few deals were heard among traders.


