SHFE 2406 tin contract rose sharply, closing at 264,440 yuan/mt, up 1.85%.
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 1,000 yuan/mt for SHFE 2406 tin contract, versus discounts of 800 yuan/mt to premiums of 300 yuan/mt for delivery brands and premiums of 0-300 yuan/mt for Yunxi brand. Tin prices moved rangebound yesterday. The purchasing willingness of downstream enterprises were moderate. Transactions were active yesterday.

![The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend [SMM Tin Midday Review]](https://imgqn.smm.cn/usercenter/WWXJU20251217171753.jpg)
![The most-traded SHFE tin contract fluctuated rangebound during the night session, with downstream enterprises mostly following up with small-lot transactions. [SMM Tin Morning Brief]](https://imgqn.smm.cn/usercenter/bYFQn20251217171752.jpg)
