Last Friday night, the most-traded SHFE tin contract moved downwards after a higher opening, closing at 267,520 yuan/mt, down by 2.32%.
During last Friday's morning session, 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 500-1,000 yuan/mt over SHFE 2407 tin contract, versus discounts of 0-700 yuan/mt for delivery brands, discounts of 0-300 yuan/mt for Yunxi brand. Tin prices moved rangebound on last Friday's morning session, and downstream companies buying sentiment performed well.


