Overnight, SHFE 2405 tin contract fell sharply, closing at 244,280 yuan/mt, down 1.47%.
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 800-2,000 yuan/mt for SHFE 2405 tin contract, versus discounts of 0-800 yuan/mt for delivery brands and premiums of 200-300 yuan/mt for Yunxi brand. Tin prices remained at a high level, but due to the low inventory, some downstream enterprises restocked only as needed. Few deals were heard among traders.


