SMM

SHFE 2404 tin contract swung on a soft note last Friday night, closing at 220,650 yuan/mt, down 0.81%.
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 discounts of 600-1,000 yuan/mt against SHFE 2404 tin contract, versus discounts of 500 yuan/mt to premiums of 400 yuan/mt for delivery brands, premiums of 200-600 yuan/mt for Yunxi brand, and discounts of 1,200 yuan/mt for imported brand tin ingots. Tin prices fell slightly last Friday, but it still did not trigger purchasing enthusiasm among downstream companies. Few deals were heard among traders.