SHFE tin prices moved downwards after a higher opening in the night session. SHFE tin warrants decreased by 324 mt yesterday [SMM Tin Morning News].

SMM, August 21: In the night session yesterday, the most-traded SHFE tin futures contract closed at 263,100 yuan/mt, down by 1,300 yuan/mt, a decrease of 0.49%. The highest price was 266,650 yuan/mt, and the lowest was 261,330 yuan/mt. During the morning session yesterday, trading companies' quotes for various domestic tin ingot brands showed little change compared to recent days. Small brand tin ingots were quoted at a premium of 0 to 500 yuan/mt over the SHFE 2409 contract. Delivery brands were quoted at a premium of 500 to 1,000 yuan/mt over the SHFE 2409 contract, Yunnan Tin brand was quoted at a premium of 1,000 to 1,200 yuan/mt over the SHFE 2409 contract, and imported tin brands were quoted at par with the SHFE 2409 contract. Yesterday, tin prices rebounded after hitting a low, but downstream companies' purchasing enthusiasm remained low. A few companies restocked as needed, and some downstream companies aimed to restock at lower prices. Most trading companies had scattered transactions, with a few trading companies transacting 20 to 30 mt. Overall, the spot market transactions were mediocre yesterday.