SMM

SHFE 2401 tin contract moved sideways last night, and closed at 207820 yuan/mt, up 0.13%. 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 0-400 yuan/mt over SHFE 2401 tin contract, versus premiums of 200-800 yuan/mt for delivery brands, premiums of 800-1100 yuan/mt for Yunxi brand, and discounts of 200-800 yuan/mt imported brand tin ingots. The spot market was relatively quiet yesterday, and most downstream companies had no purchasing plans.