SHFE tin prices fluctuated downward, downstream companies made small purchases [SMM Tin Midday Review]

Futures Market: In the early trading session today, SHFE 2407 tin contract price fluctuated downward, closing at 261,420 yuan/mt by midday, down 2.23%.

Spot Market: During the early trading session today, trading companies' quotes for various domestic tin brands showed little change compared to recent days. Small brand tin was quoted at a discount of 0-600 yuan/mt against the 2407 contract, delivery brand was offered at a discount of 500 yuan/mt to a premium of 300 yuan/mt against the 2407 contract, and Yunxi brand was offered at a premium of 0-500 yuan/mt over the 2407 contract. No quotes were available for imported tin brands. The continuously declining tin prices stimulated downstream companies to make small purchases. Most trading companies saw relatively flat transactions in the morning.