SHFE Tin Prices Fluctuated Rangebound, Recent Spot Market Transactions Have Weakened [SMM Tin Midday Review]

Futures Market: In the early trading session today, SHFE 2408 tin contract price fluctuated rangebound, closing at 272,970 yuan/mt at midday, down 0.53%.

Spot Market: During the early trading session today, traders' quotes for various domestic tin brands showed little change compared to recent days. Small brand tin was quoted at a discount of 400-500 yuan/mt against the 2408 contract, delivery brand was quoted at a discount of 0-500 yuan/mt against the 2408 contract, and Yunxi brand was quoted at a premium of 200-400 yuan/mt over the 2408 contract. There were no quotes for imported tin brands. In the early trading session today, SHFE tin prices fluctuated rangebound, and downstream procurement sentiment was quite low, with most buyers adopting a wait-and-see approach. Most traders saw only sporadic transactions in the morning. Overall, the spot market transactions were relatively sluggish today.