SMM Tin Analysis: Shanghai Tin Prices Maintain Relatively High Levels, Spot Market Remains Quiet

This morning, tin prices saw a slight increase, with downstream enterprises taking a wait-and-see attitude towards the high prices. Most trading companies are experiencing scattered transactions today, with a small number of enterprises trading around 40 tons. Overall, spot market transactions remain tepid compared to last week. Shanghai Futures Exchange tin warehouse receipts increased by 259 tons today, reaching 6732 tons, while LME tin inventory decreased by 130 tons to 6900 tons.