SHFE 2409 tin contract closed at 247,800 yuan/mt in the night session last Friday, down 490 yuan/mt, a decrease of 0.2%.
Last Friday morning, spot premiums and discounts in domestic spot market for various tin ingot brands were as below. Small brand tin ingots were offered at premiums of 500-1,500 yuan/mt over SHFE 2409 tin contract, versus premiums of 400-1,500 yuan/mt for delivery brands and premiums of 700-1,100 yuan/mt for Yunxi brand. Last Friday, tin prices saw a slight rebound, with most downstream producers adopting a wait-and-see attitude. Most companies' inventories increased compared to earlier periods, leading to low purchasing willingness. Overall, the spot market remained sluggish last Friday.
