SMM

SHFE 2404 tin contract fell to 218,540 yuan/mt overnight, and closed at 218,770 yuan/mt, down 0.66%.
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 600-1,100 yuan/mt against SHFE 2404 tin contract, versus discounts of 500 yuan/mt to premiums of 300 yuan/mt for delivery brands, premiums of 200-700 yuan/mt for Yunxi brand, and discounts of 1,300 yuan/mt for imported brand tin ingots. Tin prices rose slightly and then fell back in early trading yesterday, the purchasing sentiment of downstream companies remained sluggish. Few deals were heard among traders.