The closing price of the SHFE 2406 tin contract in the overnight session yesterday was 277,250 yuan/mt, up 130 yuan/mt or 0.05%. The highest price reached 280,860 yuan/mt, and the lowest was 275,580 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 0-500 yuan/mt over SHFE 2406 tin contract, versus discounts of 0-500 yuan/mt for delivery brands and premiums of 300-500 yuan/mt for Yunxi brand. During the morning session yesterday, SHFE tin prices fluctuated at high levels, and downstream companies showed a strong sentiment of wait-and-see. Overall, the spot market was relatively quiet yesterday.
