As SHFE tin prices slightly declined, the spot market was relatively active [SMM Tin Midday Review]

Futures market: In the early trading session today, the SHFE 2410 contract price slightly declined, closing at 247,190 yuan/mt at midday, down 1.68%.

Spot market: During the early trading session today, the quotations from trading companies for various domestic tin brands showed little change compared to recent days. Small brand tin was quoted at a premium of 0-300 yuan/mt over the SHFE 2410 contract, delivery brand tin was quoted at a premium of 400-800 yuan/mt over the SHFE 2410 contract, Yunnan Tin was quoted at a premium of 800 yuan/mt over the SHFE 2410 contract, and imported tin spot was quoted at a discount of 400 yuan/mt over the SHFE 2409 contract. Today, tin prices slightly declined, and most downstream companies still replenished stocks based on orders, waiting for better low-price opportunities. Most trading companies traded around ten tons, while a few traded around one truckload. Overall, the spot market was relatively active today.