In the night trading session yesterday, the most-traded SHFE tin contract closed at 255,590 yuan/mt, down 400 yuan/mt, a decrease of 0.16%. The highest price was 258,300 yuan/mt, and the lowest was 254,050 yuan/mt.
Yesterday, spot premiums and discounts in domestic spot market for various tin ingot brands were as below. Small brand tin ingots were quoted at a premium of 700-1,000 yuan/mt over the SHFE 2409 contract, deliverable brands at a premium of 500-1,000 yuan/mt, Yunnan Tin brand at a premium of 1,000-1,200 yuan/mt, and imported tin brands at a premium of 200 yuan/mt over the SHFE 2409 contract. Tin prices fluctuated widely yesterday, and downstream companies were cautious in their purchases, with a few companies restocking as needed based on orders. Overall, the spot market was relatively quiet yesterday.
