SHFE 2402 tin contract fell to 203,710 yuan/mt and then rebounded overnight, before closing at 204,610 yuan/mt overnight, down 0.67%.
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 against SHFE 2402 tin contract, versus premiums of 100-800 yuan/mt for delivery brands, premiums of 900-1000 yuan/mt for Yunxi brand, and discounts of 1000-1500 yuan/mt for imported brand tin ingots. Yesterday, tin prices generally moved sideways. Traders reported that downstream companies were more enthusiastic about purchasing. The transactions in the spot market increased yesterday.
