In the night session yesterday, the most-traded SHFE tin contract closed at 242,250 yuan/mt, down 5,650 yuan/mt, a decrease of 2.28%. The highest price was 243,200 yuan/mt, and the lowest was 239,610 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 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. Tin prices surged and then fell back yesterday, with some downstream producers making small restocks in the afternoon after prices fell, but most downstream producers remained on the sidelines. Overall, the spot market transactions were relatively moderate yesterday.
