The SHFE tin prices slightly declined during the night session, and the spot market transactions were relatively mediocre [SMM Tin Morning Comment]

SMM, September 2: Last Friday, the most-traded SHFE tin contract closed at 261,460 yuan/mt during the night session, down 1,460 yuan/mt, a decrease of 0.56%. The highest price was 264,300 yuan/mt, and the lowest was 260,620 yuan/mt. During the early trading session last Friday, the domestic tin ingot brands' premiums and discounts quoted by trading companies did not change much compared to recent days. Among them, the small brand tin ingot was quoted on par against the SHFE 2409 contract, the delivery brand price was at zero to a premium of 700 yuan/mt against the SHFE 2409 contract, and the Yunnan Tin brand was quoted at a premium of 700-900 yuan/mt against the SHFE 2409 contract. The imported tin brand spot price was quoted at zero against the SHFE 2409 contract. Last week, tin prices slightly rebounded, and some downstream enterprises chose to wait and see as the weekend approached, while some downstream enterprises made small replenishments. Some trading companies had sporadic transactions, and a few trading companies had transactions of around 30 mt. Overall, the spot market transactions were relatively subdued last Friday.