SHFE tin prices fluctuated rangebound during the night session, with the spot market being relatively muted [SMM Tin Morning Comment]

SMM, September 19: In the night session yesterday, the most-traded SHFE tin contract closed at 255,960 yuan/mt, up 520 yuan/mt, an increase of 0.20%, with a high of 257,090 yuan/mt and a low of 255,040 yuan/mt. During the morning session yesterday, trading companies' quotes for various domestic tin ingot brands showed little change compared to recent days. Small brand tin ingots were quoted at premiums of 0-500 yuan/mt against SHFE 2410 contract, delivery brand prices were quoted at premiums of 200-700 yuan/mt against SHFE 2410 contract, Yunnan Tin brand was quoted at premiums of 200-800 yuan/mt against SHFE 2410 contract, and imported tin brands' spot prices were quoted at discounts of 700-200 yuan/mt against SHFE 2410 contract. Tin prices fluctuated rangebound during the morning session yesterday, with most downstream enterprises waiting for the interest rate meeting results and adopting a wait-and-see attitude, while some downstream enterprises restocked as needed in small quantities. Most trading companies saw scattered transactions. Overall, the spot market transactions were relatively quiet yesterday.