[SMM Tin Morning Comment] SHFE tin prices first rose and then fell

The price of the SHFE 2309 tin contract closed at 219430 yuan/mt last evening, up 0.68%. During the early trading yesterday, spot quotes of various domestic tin ingot brands did not change much. Among them, the quotations of small brand tin ingots stood at a maximum of 300 yuan/mt, and the premiums of delivery brands ranged from 100 yuan/mt to 600 yuan/mt. There were also some trading companies with low inventory selling at a premium of 700 yuan/mt. Yunxi brand was quoted with premiums of 800-1,300 yuan/mt, and imported tin brand were quoted with discounts of 700-500 yuan/mt. Trading companies in the market generally reported that the transaction situation was poor. Some traders purchased due to low inventories.