Overnight, SHFE 2406 tin contract stayed at highs, closing at 273,160 yuan/mt, up 1.18%.
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 500-1,500 yuan/mt for SHFE 2406 tin contract, versus discounts of 600 yuan/mt to premium of 300 yuan/mt for delivery brands and premiums of 200-500 yuan/mt for Yunxi brand. In yesterday's early trading, tin prices stayed at highs, inhibiting downstream companies buying sentiment. Few deals were heard among traders. Transactions were poor yesterday.


