Last Friday night, SHFE 2409 tin contract fell to 256,050 yuan/mt, up 2,560 yuan/mt, an increase of 1.01%, with a high of 259,600 yuan/mt and a low of 255,250 yuan/mt.
Last Friday, 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 1,000-1,500 yuan/mt over SHFE 2409 tin contract, versus premiums of 800-1,500 yuan/mt for delivery brands, premiums of 1,000-1,700 yuan/mt for Yunxi brand. Last Friday, tin prices moved rangebound, with downstream companies cautious due to high prices, resulting in limited purchasing. Overall, the spot market was relatively moderate last Friday.
