SHFE 2403 tin contract fell to 214,040 yuan/mt and then rebounded, before closing at 214,980 yuan/mt overnight, down 0.71%.
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 100-600 yuan/mt against SHFE 2403 tin contract, versus discounts of 300 yuan/mt to premiums of 500 yuan/mt for delivery brands, premiums of 700-900 yuan/mt for Yunxi brand, and discounts of 600-1,000 yuan/mt for imported brand tin ingots. Yesterday, tin prices continued to fall. Downstream companies were more enthusiastic about purchasing.


