SHFE tin prices opened slightly higher in the night session before dropping. Spot market transactions were thin yesterday [SMM Tin Morning Brief].

SMM, August 14: In the night session yesterday, the most traded SHFE tin futures contract closed at 257,300 yuan/mt, up 180 yuan/mt or 0.07%, with a high of 259,430 yuan/mt and a low of 256,320 yuan/mt.

Spot market transaction situation: During the morning session yesterday, trading companies' quotations for various domestic tin ingot brands showed little change in premiums and discounts compared to recent days. Tin prices dropped slightly yesterday, and downstream producers' purchasing sentiment was low, with only a small amount of restocking as needed. Most trading companies had scattered transactions, with a few trading companies transacting 20-30 mt. Overall, spot market transactions were relatively thin yesterday.