SHFE 2405 tin contract fluctuated downwards and bounced back, closing at 256,500 yuan/mt overnight, up 0.53%.
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 800-2,000 yuan/mt for SHFE 2405 tin contract, versus discounts of 0-800 yuan/mt for delivery brands and premiums of 0-400 yuan/mt for Yunxi brand. Tin prices rose sharply yesterday, leaving downstream companies on the sidelines. Few deals were heard among traders.


