SHFE 2404 tin contract rose slightly and then fell back, closing at 223,560 yuan/mt, down 0.57%.
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 600-1,000 yuan/mt over SHFE 2404 tin contract, versus discounts of 700 yuan/mt to premiums of 400 yuan/mt for delivery brands, premiums of 200-500 yuan/mt for Yunxi brand, and discounts of 1,200 yuan/mt for imported brand tin ingots. Tin prices were stable yesterday. Falling tin prices boosted buying sentiment among downstream and terminal enterprises.


