SHFE 2402 tin contract fell to 213,200 yuan/mt overnight, and closed at 213,790 yuan/mt, up 0.18%.
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 500 yuan/mt to premiums of 100 yuan/mt over SHFE 2402 tin contract, versus discounts of 200 yuan/mt to premiums of 700 yuan/mt for delivery brands, premiums of 600-1000 yuan/mt for Yunxi brand, and discounts of 1000 yuan/mt for imported brand tin ingots. Tin prices stayed at highs last Friday, and downstream companies continued to take a wait-and-see stance, and maintained production by relying on dip buying amid sluggish purchasing sentiment.
