SHFE 2404 tin contract rose to 229,770 yuan/mt last Friday night and closed at 228,270 yuan/mt, up 1.76%.
Last Friday, 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 400-1,300 yuan/mt for SHFE 2404 tin contract, versus discounts of 600 yuan/mt to premiums of 300 yuan/mt for delivery brands, premiums of 200-700 yuan/mt for Yunxi brand, and discounts of 1,500 yuan/mt for imported brand tin ingots. Tin prices continued to rise last Friday, leaving downstream and terminal companies on the sidelines. Few deals were heard among traders.


