Overnight, SHFE 2405 tin contract moved downwards after opening higher, closing at 227,350 yuan/mt, down 0.16%.
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 800-1,400 yuan/mt for SHFE 2405 tin contract, versus discounts of 0-800 yuan/mt for delivery brands, premiums of 0-200 yuan/mt for Yunxi brand, and discounts of 1,600 yuan/mt for imported brand tin ingots. Tin prices moved rangbound yesterday, leaving downstream companies on the sidelines. Few deals were heard among traders.


