SHFE Tin Prices Surge and Fall, Spot Market Transactions Remain Sluggish [SMM Tin Midday Review]

Futures Market: This morning, the SHFE tin 2409 contract price surged and then fell, closing at 255,610 yuan/mt at midday, down 0.40%.

Spot Market: This morning, trading companies' quotes for various domestic tin brands showed little change in premiums and discounts compared to recent days. Small brand tin was quoted at a premium of 700-1,500 yuan/mt over the SHFE 2409 contract, deliverable brand tin at a premium of 500-1,000 yuan/mt, Yunnan Tin at a premium of 1,000-1,400 yuan/mt, and imported tin at a premium of 200 yuan/mt over the SHFE 2409 contract. Today, tin prices surged and then fell, with downstream enterprises maintaining a wait-and-see attitude, only restocking as needed. Most trading companies reported scattered transactions or no transactions at all. Overall, today's spot market transactions were relatively sluggish.