SHFE tin prices narrowly fluctuated during the night session. Yesterday, LME tin inventory increased by 240 mt [SMM Tin Morning Comment].

SMM, August 23: During the night session yesterday, the most-traded SHFE tin futures contract closed at 265,540 yuan/mt, down by 660 yuan/mt, a decrease of 0.25%. The highest price was 266,980 yuan/mt, and the lowest was 264,400 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 ingot quotes were at par to a premium of 500 yuan/mt over the SHFE 2409 contract. Delivery brand prices were at a premium of 500-1,000 yuan/mt over the SHFE 2409 contract, Yunnan Tin brand quotes were at a premium of 1,000-1,100 yuan/mt over the SHFE 2409 contract, and imported tin brand spot quotes were at par with the SHFE 2409 contract. Yesterday, tin prices fluctuated upwards, with some downstream companies planning to restock at lower prices, while a few companies restocked as needed. Most trading companies had scattered transactions, with a few trading companies transacting 10-20 mt. Overall, the spot market transactions were relatively quiet yesterday.