SHFE 2405 tin contract went up and then fell, closing at 256,300 yuan/mt, up 1.19%.
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 900-1,100 yuan/mt for SHFE 2405 tin contract, versus discounts of 0-900 yuan/mt for delivery brands and premiums of 200-400 yuan/mt for Yunxi brand. Tin prices experienced a slight correction after bottomed out, leaving downstream companies on the sidelines. Few deals were heard among traders.