In the night session yesterday, the most-traded SHFE 2408 tin contract closed at 270,240 yuan/mt, up 3,430 yuan/mt, an increase of 1.29%. The highest price was 272,100 yuan/mt, and the lowest was 268,500 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 2408 tin contract, versus premiums of 0-500 yuan/mt for delivery brands and premiums of 600-800 yuan/mt for Yunxi brand. Tin prices rebounded yesterday, and transactions in the downstream market were relatively thin. Yesterday, SHFE tin warrants decreased by 128 mt to 15,251 mt, while LME tin inventory increased by 90 mt to 4,765 mt.
