SHFE tin prices fluctuated rangebound during the night session, and the spot market activity was relatively low [SMM Tin Morning Comment]

SMM, September 12: In the night session yesterday, the most-traded SHFE tin contract closed at 252,790 yuan/mt, up by 1,430 yuan/mt, an increase of 0.57%, with a highest price of 254,340 yuan/mt and a lowest price of 251,410 yuan/mt. During the early trading session yesterday, trading companies' quotations for various domestic tin ingot brands showed little change compared to recent days. Specifically, smaller brands of tin ingots were quoted at premiums of 0-500 yuan/mt against the SHFE 2410 contract. Delivery brand tin ingots were quoted at premiums of 200-700 yuan/mt against the SHFE 2410 contract, while Yunnan Tin (Yunxi) brand was quoted at premiums of 200-800 yuan/mt against the SHFE 2410 contract. Imported tin brands were quoted for spot at a discount of 200-300 yuan/mt against the SHFE 2410 contract. During the early trading session yesterday, the tin prices fluctuated downward, and most downstream companies remained cautious, showing low buying interest. Most trading companies reported scattered transactions, with only a few trading a truckload of tin. Overall, the spot market was relatively quiet yesterday.