The most-traded SHFE tin contract closed at 272,400 yuan/mt, down 2,020 yuan/mt or 0.74%, with the highest at 276,000 yuan/mt and the lowest at 272,350 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 discounts of 500 yuan/mt over SHFE 2408 tin contract, versus discounts of 0-500 yuan/mt for delivery brands, premiums of 200-400 yuan/mt for Yunxi brand. Tin prices continued to rise yesterday, leaving downstream companies on the sidelines. Yesterday, SHFE tin warrants increased by 95 mt to 14,915 mt, while LME tin stocks decreased by 25 mt to 4,725 mt.


