The closing price of the most-traded SHFE tin contract in the night session yesterday was 275,580 yuan/mt, up 4,390 yuan/mt, an increase of 1.62%. The highest price was 275,600 yuan/mt, and the lowest was 272,760 yuan/mt.
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 0-100 yuan/mt over SHFE 2407 tin contract, versus premiums of 0-500 yuan/mt for delivery brands and premiums of 600-800 yuan/mt for Yunxi brand. After a slight increase in SHFE tin prices during yesterday's morning session, they pulled back, and downstream producers remained cautious. Overall, the spot market was relatively quiet. Yesterday, SHFE tin warrants decreased by 113 mt to 15,138 mt, while LME tin inventory decreased by 20 mt to 4,745 mt.
