In the night session yesterday, the most-traded SHFE tin futures contract closed at 246,740 yuan/mt, up 4,640 yuan/mt, an increase of 1.92%, with a high of 246,800 yuan/mt and a low of 240,630 yuan/mt.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands were as below. Small brand tin ingots were offered at premiums of 1,000-1,500 yuan/mt over SHFE 2409 tin contract, versus premiums of 800-1,800 yuan/mt for delivery brands and premiums of 1,000-1,400 yuan/mt for Yunxi brand. Tin prices surged and then fell back yesterday, with downstream producers showing a strong wait-and-see sentiment in the morning. However, purchasing enthusiasm increased in the afternoon as tin prices declined. Overall, the spot market was relatively active yesterday.
![Macro Pressure and Supply Recovery Resonated, SHFE Tin Remained Under Pressure and Continued to Weaken [SMM Tin Midday Commentary]](https://imgqn.smm.cn/usercenter/nBLhE20251217171750.jpg)
![The Most-Traded SHFE Tin Contract Opened Sharply Lower in the Night Session and Maintained a Fluctuating Trend at Lows, While Spot Market Transactions Gradually Recovered [SMM Tin Morning Brief]](https://imgqn.smm.cn/usercenter/TMpAM20251217171753.jpg)