Overnight, SHFE 2406 tin contract went up slightly before pullback, closing at 272,070 yuan/mt, down 0.62%.
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 800-1,000 yuan/mt for SHFE 2406 tin contract, versus discounts of 600 yuan/mt to premium of 300 yuan/mt for delivery brands and premiums of 200-500 yuan/mt for Yunxi brand. Tin prices stayed at highs yesterday, leaving downstream companies on the sidelines. Few deals were heard among traders. Transactions were poor yesterday.


