SHFE 2403 tin contract inched lower overnight and swung on a soft note before closing at 218,070 yuan/mt, down 0.86%.
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 200-800 yuan/mt against SHFE 2403 tin contract, versus discounts of 300 yuan/mt to premiums of 200 yuan/mt for delivery brands, premiums of 300-500 yuan/mt for Yunxi brand, and discounts of 1000-1300 yuan/mt for imported brand tin ingots. Tin prices fell back yesterday, improving downstream willingness to purchase.
