SMM

SHFE 2402 tin contract did not change much overnight and closed at 210,070 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 300-700 yuan/mt compared to SHFE 2402 tin contract, versus premiums of 0-700 yuan/mt for delivery brands, premiums of 1000-1100 yuan/mt for Yunxi brand, and discounts of 900-1300 yuan/mt for imported tin ingots. Tin prices rebounded after falling in early trading yesterday, and traders reported that downstream companies' purchasing intentions were still sluggish. Generally speaking, the spot market transactions yesterday were relatively thin.