SHFE 2406 tin contract rose slightly last Friday night, closing at 278,670 yuan/mt, up 1.47%.
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 500-1,000 yuan/mt for SHFE 2406 tin contract, versus discounts of 600 yuan/mt to premium of 300 yuan/mt for delivery brands and premiums of 200-500 yuan/mt for Yunxi brand. Tin prices stabilized in early trading last week. Inquiries from downstream market were sluggish. Transactions were poor last Friday.


