Last Friday night, the most-traded SHFE tin contract closed at 278,500 yuan/mt, up 2,430 yuan/mt, an increase of 0.88%.
Spot market transactions: During the morning session last Friday, traders' quotations for premiums and discounts of domestic tin ingot brands did not change much compared to recent days. Small brand tin ingot was at a discount of 400-500 yuan/mt against the 2408 contract, delivery brand was a discount of 0-500 yuan/mt against the 2408 contract, and Yunxi brand was at a premium of 200-400 yuan/mt over the 2408 contract. There were no quotations for imported tin brands. Last Friday morning, as SHFE tin prices fluctuated at high levels, most downstream producers adopted a wait-and-see stance, only purchasing a small amount for rigid demand. Most traders had sporadic transactions. Overall, the spot market transactions last Friday were relatively quiet.
