SHFE Tin Prices Rebounded After Bottoming Out in Night Trading, Downstream Enterprises Became More Cautious [SMM Tin Morning Comment]

SMM, August 30: In yesterday's night trading session, the most-traded SHFE tin contract closed at 263,160 yuan/mt, down 460 yuan/mt, a decrease of 0.17%, with a high of 263,800 yuan/mt and a low of 260,900 yuan/mt. During yesterday's morning session, the quotes from trading companies for various domestic tin ingot brands showed little change compared to recent days. Small brand tin ingots were quoted at par with the SHFE 2409 contract, delivery brand prices ranged from par to a premium of 700 yuan/mt over the SHFE 2409 contract, Yunnan Tin brand was quoted at a premium of 700-900 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 bottoming out, with some downstream enterprises choosing to wait and see, while others made small restocking purchases. Some trading companies had sporadic transactions, and a few trading companies completed 2-3 truckloads of transactions. Overall, the spot market transactions were relatively mixed yesterday.