SHFE tin prices fluctuated upward; spot market transactions weakened [SMM Tin Midday Review]

Futures market: In the early trading session, the SHFE 2411 tin contract price fluctuated upward, closing at 266,010 yuan/mt at midday, up 0.16%.

Spot market: During the early trading session, trading companies quoted domestic tin brands with little change in premiums compared to recent days. Small brand tin was quoted at premiums of 0-200 yuan/mt against the SHFE 2411 contract, delivery brand at premiums of 0-600 yuan/mt, Yunnan Tin brand at premiums of 600-800 yuan/mt, and imported tin brand at discounts of 400-200 yuan/mt against the SHFE 2411 contract. Today's tin price fluctuated upward, somewhat dampening the purchasing enthusiasm of downstream companies. Some trading companies made scattered transactions. Overall, the spot market was relatively quiet this morning.