SHFE tin prices fluctuated rangebound during the night session; spot market transactions heated up yesterday [SMM Tin Morning Comment]

SMM, Sep 3: During the night session yesterday, the most-traded SHFE tin contract closed at 256,320 yuan/mt, down 3,900 yuan/mt, a decrease of 1.50%. The highest price was 257,380 yuan/mt, and the lowest was 254,640 yuan/mt. During the early session yesterday, trading companies' quotes for various domestic tin ingot brands' premiums and discounts did not change much compared to recent days. Small brand tin ingot quotes for the SHFE 2410 contract were +0 to +300 yuan/mt, delivery brand prices were +400 to +800 yuan/mt for the SHFE 2410 contract, Yunnan Tin brand quotes were +800 yuan/mt for the SHFE 2410 contract, and imported tin brand spot quotes were -400 yuan/mt for the SHFE 2409 contract. With tin prices dropping significantly yesterday, most downstream companies chose to make small replenishments based on orders. Most trading companies transacted 20-30 mt, while a few traded 3-6 trucks. Overall, the spot market transactions were quite active yesterday.